This property looks like a bad Long-Term investment with a projected -11.5% first-year return on $83,139 initial cash invested.
-11.5%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$2,591
Rent
-$797
Cashflow
Cash Flow
$2,591 income − $3,388 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,139
Downpayment
20%
$79,180
Closing costs
1%
$3,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,591
Total Expenses
$3,388
Mortgage P&I
78%
$2,028
Property Taxes
21%
$547
Home Insurance
5%
$139
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0