This property looks like a bad Long-Term investment with a projected -18.45% first-year return on $83,433 initial cash invested.
-18.45%
Cash On Cash
2.69%
Cap Rate
0.43
DSCR
$2,017
Rent
-$1,283
Cashflow
Cash Flow
$2,017 income − $3,300 expenses = $1,283 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,433
Downpayment
20%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,017
Total Expenses
$3,300
Mortgage P&I
103%
$2,072
Property Taxes
9%
$181
Home Insurance
26%
$522
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0