This property looks like a bad Long-Term investment with a projected -9.36% first-year return on $83,706 initial cash invested.
-9.36%
Cash On Cash
4.83%
Cap Rate
0.75
DSCR
$2,480
Rent
-$653
Cashflow
Cash Flow
$2,480 income − $3,133 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,706
Downpayment
20%
$79,720
Closing costs
1%
$3,986
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,480
Total Expenses
$3,133
Mortgage P&I
86%
$2,132
Property Taxes
8%
$199
Home Insurance
6%
$144
HOA
1%
$13
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0