This property looks like a bad Long-Term investment with a projected -13.1% first-year return on $83,790 initial cash invested.
-13.1%
Cash On Cash
4.19%
Cap Rate
0.63
DSCR
$2,214
Rent
-$915
Cashflow
Cash Flow
$2,214 income − $3,129 expenses = $915 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,214
Total Expenses
$3,129
Mortgage P&I
99%
$2,196
Property Taxes
10%
$217
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0