This property looks like a bad Long-Term investment with a projected -18.16% first-year return on $83,307 initial cash invested.
-18.16%
Cash On Cash
3.12%
Cap Rate
0.47
DSCR
$2,350
Rent
-$1,261
Cashflow
Cash Flow
$2,350 income − $3,611 expenses = $1,261 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,307
Downpayment
20%
$79,340
Closing costs
1%
$3,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,350
Total Expenses
$3,611
Mortgage P&I
93%
$2,175
Property Taxes
29%
$684
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0