This property looks like a bad Long-Term investment with a projected -18.09% first-year return on $83,643 initial cash invested.
-18.09%
Cash On Cash
3.04%
Cap Rate
0.46
DSCR
$1,739
Rent
-$1,261
Cashflow
Cash Flow
$1,739 income − $3,000 expenses = $1,261 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,643
Downpayment
20%
$79,660
Closing costs
1%
$3,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,739
Total Expenses
$3,000
Mortgage P&I
125%
$2,182
Property Taxes
13%
$222
Home Insurance
8%
$144
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0