This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $83,580 initial cash invested.
-14.01%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$2,275
Rent
-$976
Cashflow
Cash Flow
$2,275 income − $3,251 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,580
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$3,251
Mortgage P&I
93%
$2,117
Property Taxes
14%
$314
Home Insurance
6%
$145
HOA
4%
$83
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0