This property looks like a bad Long-Term investment with a projected -8.8% first-year return on $83,559 initial cash invested.
-8.8%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$2,866
Rent
-$613
Cashflow
Cash Flow
$2,866 income − $3,479 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,559
Downpayment
20%
$79,580
Closing costs
1%
$3,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,866
Total Expenses
$3,479
Mortgage P&I
76%
$2,179
Property Taxes
14%
$397
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0