This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $83,433 initial cash invested.
-19.24%
Cash On Cash
2.86%
Cap Rate
0.43
DSCR
$1,556
Rent
-$1,338
Cashflow
Cash Flow
$1,556 income − $2,894 expenses = $1,338 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,433
Downpayment
20%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,556
Total Expenses
$2,894
Mortgage P&I
142%
$2,206
Property Taxes
9%
$138
Home Insurance
9%
$145
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0