This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $83,790 initial cash invested.
-8.48%
Cash On Cash
4.74%
Cap Rate
0.78
DSCR
$2,850
Rent
-$592
Cashflow
Cash Flow
$2,850 income − $3,442 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,850
Total Expenses
$3,442
Mortgage P&I
71%
$2,026
Property Taxes
19%
$536
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0