This property looks like a bad Long-Term investment with a projected -7.86% first-year return on $83,370 initial cash invested.
-7.86%
Cash On Cash
5.23%
Cap Rate
0.81
DSCR
$2,839
Rent
-$546
Cashflow
Cash Flow
$2,839 income − $3,385 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,370
Downpayment
20%
$79,400
Closing costs
1%
$3,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,839
Total Expenses
$3,385
Mortgage P&I
75%
$2,133
Property Taxes
13%
$375
Home Insurance
5%
$139
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0