This property looks like a bad Long-Term investment with a projected -13.99% first-year return on $83,097 initial cash invested.
-13.99%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$2,966
Rent
-$969
Cashflow
Cash Flow
$2,966 income − $3,935 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,097
Downpayment
20%
$79,140
Closing costs
1%
$3,957
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,966
Total Expenses
$3,935
Mortgage P&I
72%
$2,124
Property Taxes
30%
$900
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0