This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $83,685 initial cash invested.
-8.79%
Cash On Cash
4.89%
Cap Rate
0.77
DSCR
$2,349
Rent
-$613
Cashflow
Cash Flow
$2,349 income − $2,962 expenses = $613 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,685
Downpayment
20%
$79,700
Closing costs
1%
$3,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,349
Total Expenses
$2,962
Mortgage P&I
90%
$2,121
Property Taxes
4%
$95
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0