This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $83,790 initial cash invested.
-10.31%
Cash On Cash
4.25%
Cap Rate
0.7
DSCR
$2,560
Rent
-$720
Cashflow
Cash Flow
$2,560 income − $3,280 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,560
Total Expenses
$3,280
Mortgage P&I
78%
$2,004
Property Taxes
18%
$470
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0