This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $83,790 initial cash invested.
-15.75%
Cash On Cash
3.12%
Cap Rate
0.5
DSCR
$1,638
Rent
-$1,100
Cashflow
Cash Flow
$1,638 income − $2,738 expenses = $1,100 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,790
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,638
Total Expenses
$2,738
Mortgage P&I
126%
$2,056
Property Taxes
7%
$116
Home Insurance
9%
$140
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0