This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $83,412 initial cash invested.
-14.65%
Cash On Cash
3.49%
Cap Rate
0.56
DSCR
$2,295
Rent
-$1,018
Cashflow
Cash Flow
$2,295 income − $3,313 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,412
Downpayment
20%
$79,440
Closing costs
1%
$3,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,295
Total Expenses
$3,313
Mortgage P&I
90%
$2,059
Property Taxes
22%
$510
Home Insurance
6%
$146
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0