This property looks like a bad Long-Term investment with a projected -13.03% first-year return on $83,328 initial cash invested.
-13.03%
Cash On Cash
3.76%
Cap Rate
0.61
DSCR
$2,409
Rent
-$905
Cashflow
Cash Flow
$2,409 income − $3,314 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,328
Downpayment
20%
$79,360
Closing costs
1%
$3,968
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,409
Total Expenses
$3,314
Mortgage P&I
84%
$2,028
Property Taxes
22%
$520
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0