This property looks like a bad Long-Term investment with a projected -13.77% first-year return on $83,664 initial cash invested.
-13.77%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$2,225
Rent
-$960
Cashflow
Cash Flow
$2,225 income − $3,185 expenses = $960 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,664
Downpayment
20%
$79,680
Closing costs
1%
$3,984
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,225
Total Expenses
$3,185
Mortgage P&I
98%
$2,186
Property Taxes
12%
$272
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0