This property looks like a bad Long-Term investment with a projected -21.81% first-year return on $83,475 initial cash invested.
-21.81%
Cash On Cash
2.5%
Cap Rate
0.37
DSCR
$1,565
Rent
-$1,517
Cashflow
Cash Flow
$1,565 income − $3,082 expenses = $1,517 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,475
Downpayment
20%
$79,500
Closing costs
1%
$3,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,565
Total Expenses
$3,082
Mortgage P&I
145%
$2,268
Property Taxes
16%
$245
Home Insurance
10%
$163
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0