This property looks like a bad Long-Term investment with a projected -16.98% first-year return on $83,118 initial cash invested.
-16.98%
Cash On Cash
2.88%
Cap Rate
0.47
DSCR
$1,962
Rent
-$1,176
Cashflow
Cash Flow
$1,962 income − $3,138 expenses = $1,176 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,118
Downpayment
20%
$79,160
Closing costs
1%
$3,958
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$3,138
Mortgage P&I
103%
$2,027
Property Taxes
23%
$456
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0