This property looks like a bad Long-Term investment with a projected -15.12% first-year return on $83,307 initial cash invested.
-15.12%
Cash On Cash
3.78%
Cap Rate
0.57
DSCR
$2,133
Rent
-$1,050
Cashflow
Cash Flow
$2,133 income − $3,183 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,307
Downpayment
20%
$79,340
Closing costs
1%
$3,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,133
Total Expenses
$3,183
Mortgage P&I
103%
$2,192
Property Taxes
14%
$296
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0