This property looks like a bad Long-Term investment with a projected -15.64% first-year return on $83,790 initial cash invested.
-15.64%
Cash On Cash
3.61%
Cap Rate
0.55
DSCR
$2,452
Rent
-$1,092
Cashflow
Cash Flow
$2,452 income − $3,544 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,452
Total Expenses
$3,544
Mortgage P&I
88%
$2,168
Property Taxes
14%
$331
Home Insurance
6%
$140
HOA
11%
$267
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0