This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $83,790 initial cash invested.
-13.45%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$1,850
Rent
-$939
Cashflow
Cash Flow
$1,850 income − $2,789 expenses = $939 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,850
Total Expenses
$2,789
Mortgage P&I
110%
$2,029
Property Taxes
8%
$140
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0