This property looks like a bad Long-Term investment with a projected -16.5% first-year return on $83,286 initial cash invested.
-16.5%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$2,186
Rent
-$1,145
Cashflow
Cash Flow
$2,186 income − $3,331 expenses = $1,145 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,286
Downpayment
20%
$79,320
Closing costs
1%
$3,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,186
Total Expenses
$3,331
Mortgage P&I
99%
$2,155
Property Taxes
21%
$459
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0