This property looks like a bad Long-Term investment with a projected -12.08% first-year return on $83,769 initial cash invested.
-12.08%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$2,650
Rent
-$843
Cashflow
Cash Flow
$2,650 income − $3,493 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,769
Downpayment
20%
$79,780
Closing costs
1%
$3,989
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$3,493
Mortgage P&I
81%
$2,149
Property Taxes
19%
$506
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0