This property looks like a bad Long-Term investment with a projected -12.27% first-year return on $83,118 initial cash invested.
-12.27%
Cash On Cash
4.25%
Cap Rate
0.66
DSCR
$2,389
Rent
-$850
Cashflow
Cash Flow
$2,389 income − $3,239 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,118
Downpayment
20%
$79,160
Closing costs
1%
$3,958
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,389
Total Expenses
$3,239
Mortgage P&I
89%
$2,133
Property Taxes
14%
$346
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0