This property looks like a bad Long-Term investment with a projected -15.28% first-year return on $83,790 initial cash invested.
-15.28%
Cash On Cash
3.82%
Cap Rate
0.57
DSCR
$2,243
Rent
-$1,067
Cashflow
Cash Flow
$2,243 income − $3,310 expenses = $1,067 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,243
Total Expenses
$3,310
Mortgage P&I
99%
$2,224
Property Taxes
16%
$363
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0