This property looks like a bad Long-Term investment with a projected -12.58% first-year return on $83,160 initial cash invested.
-12.58%
Cash On Cash
4.42%
Cap Rate
0.66
DSCR
$2,535
Rent
-$872
Cashflow
Cash Flow
$2,535 income − $3,407 expenses = $872 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,160
Downpayment
20%
$79,200
Closing costs
1%
$3,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,535
Total Expenses
$3,407
Mortgage P&I
87%
$2,205
Property Taxes
15%
$392
Home Insurance
6%
$140
HOA
0%
$10
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0