This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $83,790 initial cash invested.
-11.74%
Cash On Cash
4.05%
Cap Rate
0.66
DSCR
$2,516
Rent
-$820
Cashflow
Cash Flow
$2,516 income − $3,336 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,516
Total Expenses
$3,336
Mortgage P&I
81%
$2,039
Property Taxes
20%
$502
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0