This property looks like a bad Long-Term investment with a projected -3.13% first-year return on $83,643 initial cash invested.
-3.13%
Cash On Cash
5.92%
Cap Rate
0.96
DSCR
$2,898
Rent
-$218
Cashflow
Cash Flow
$2,898 income − $3,116 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,643
Downpayment
20%
$79,660
Closing costs
1%
$3,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,898
Total Expenses
$3,116
Mortgage P&I
70%
$2,038
Property Taxes
4%
$119
Home Insurance
6%
$161
HOA
2%
$44
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0