This property looks like a bad Long-Term investment with a projected -17.34% first-year return on $83,181 initial cash invested.
-17.34%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$1,999
Rent
-$1,202
Cashflow
Cash Flow
$1,999 income − $3,201 expenses = $1,202 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,181
Downpayment
20%
$79,220
Closing costs
1%
$3,961
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$3,201
Mortgage P&I
105%
$2,095
Property Taxes
22%
$432
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0