This property looks like a bad Long-Term investment with a projected -14.52% first-year return on $83,643 initial cash invested.
-14.52%
Cash On Cash
3.97%
Cap Rate
0.59
DSCR
$2,173
Rent
-$1,012
Cashflow
Cash Flow
$2,173 income − $3,185 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,173
Total Expenses
$3,185
Mortgage P&I
102%
$2,221
Property Taxes
12%
$259
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0