This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $83,664 initial cash invested.
-12.13%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$2,544
Rent
-$846
Cashflow
Cash Flow
$2,544 income − $3,390 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,664
Downpayment
20%
$79,680
Closing costs
1%
$3,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,544
Total Expenses
$3,390
Mortgage P&I
86%
$2,182
Property Taxes
8%
$205
Home Insurance
6%
$142
HOA
8%
$200
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0