This property looks like a bad Long-Term investment with a projected -21.34% first-year return on $83,790 initial cash invested.
-21.34%
Cash On Cash
2.35%
Cap Rate
0.35
DSCR
$1,225
Rent
-$1,490
Cashflow
Cash Flow
$1,225 income − $2,715 expenses = $1,490 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,225
Total Expenses
$2,715
Mortgage P&I
180%
$2,210
Property Taxes
4%
$47
Home Insurance
11%
$140
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0