This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $83,790 initial cash invested.
-13.75%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,328
Rent
-$960
Cashflow
Cash Flow
$2,328 income − $3,288 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,328
Total Expenses
$3,288
Mortgage P&I
94%
$2,187
Property Taxes
15%
$356
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0