This property looks like a bad Long-Term investment with a projected -12.11% first-year return on $83,622 initial cash invested.
-12.11%
Cash On Cash
4.21%
Cap Rate
0.66
DSCR
$2,351
Rent
-$844
Cashflow
Cash Flow
$2,351 income − $3,195 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,622
Downpayment
20%
$79,640
Closing costs
1%
$3,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,351
Total Expenses
$3,195
Mortgage P&I
90%
$2,122
Property Taxes
13%
$303
Home Insurance
7%
$158
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0