This property looks like a bad Long-Term investment with a projected -6.24% first-year return on $83,790 initial cash invested.
-6.24%
Cash On Cash
5.32%
Cap Rate
0.85
DSCR
$2,695
Rent
-$436
Cashflow
Cash Flow
$2,695 income − $3,131 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,695
Total Expenses
$3,131
Mortgage P&I
77%
$2,070
Property Taxes
8%
$219
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0