This property looks like a bad Long-Term investment with a projected -18.16% first-year return on $83,790 initial cash invested.
-18.16%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$2,014
Rent
-$1,268
Cashflow
Cash Flow
$2,014 income − $3,282 expenses = $1,268 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,014
Total Expenses
$3,282
Mortgage P&I
109%
$2,202
Property Taxes
20%
$412
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0