This property looks like a bad Long-Term investment with a projected -19.33% first-year return on $83,853 initial cash invested.
-19.33%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$2,026
Rent
-$1,351
Cashflow
Cash Flow
$2,026 income − $3,377 expenses = $1,351 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,853
Downpayment
20%
$79,860
Closing costs
1%
$3,993
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,026
Total Expenses
$3,377
Mortgage P&I
107%
$2,172
Property Taxes
26%
$536
Home Insurance
7%
$142
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0