This property looks like a bad Long-Term investment with a projected -17.3% first-year return on $83,769 initial cash invested.
-17.3%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$1,961
Rent
-$1,208
Cashflow
Cash Flow
$1,961 income − $3,169 expenses = $1,208 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,769
Downpayment
20%
$79,780
Closing costs
1%
$3,989
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,961
Total Expenses
$3,169
Mortgage P&I
112%
$2,187
Property Taxes
17%
$332
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0