This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $83,559 initial cash invested.
-11.99%
Cash On Cash
3.96%
Cap Rate
0.65
DSCR
$2,437
Rent
-$835
Cashflow
Cash Flow
$2,437 income − $3,272 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,559
Downpayment
20%
$79,580
Closing costs
1%
$3,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,437
Total Expenses
$3,272
Mortgage P&I
83%
$2,027
Property Taxes
17%
$421
Home Insurance
6%
$140
HOA
2%
$50
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0