This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $83,790 initial cash invested.
-13.93%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,296
Rent
-$973
Cashflow
Cash Flow
$2,296 income − $3,269 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,296
Total Expenses
$3,269
Mortgage P&I
95%
$2,188
Property Taxes
15%
$343
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0