This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $83,790 initial cash invested.
-17.82%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$1,938
Rent
-$1,244
Cashflow
Cash Flow
$1,938 income − $3,182 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,938
Total Expenses
$3,182
Mortgage P&I
112%
$2,168
Property Taxes
19%
$362
Home Insurance
7%
$140
HOA
0%
$8
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0