This property looks like a bad Long-Term investment with a projected -16.77% first-year return on $83,286 initial cash invested.
-16.77%
Cash On Cash
2.91%
Cap Rate
0.48
DSCR
$2,034
Rent
-$1,164
Cashflow
Cash Flow
$2,034 income − $3,198 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,034
Total Expenses
$3,198
Mortgage P&I
100%
$2,025
Property Taxes
25%
$506
Home Insurance
7%
$138
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0