This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $83,790 initial cash invested.
-13.88%
Cash On Cash
4.16%
Cap Rate
0.62
DSCR
$2,608
Rent
-$969
Cashflow
Cash Flow
$2,608 income − $3,577 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,790
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,608
Total Expenses
$3,577
Mortgage P&I
85%
$2,221
Property Taxes
19%
$501
Home Insurance
5%
$140
HOA
1%
$38
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0