This property looks like a bad Long-Term investment with a projected -13.72% first-year return on $83,118 initial cash invested.
-13.72%
Cash On Cash
3.52%
Cap Rate
0.58
DSCR
$1,974
Rent
-$950
Cashflow
Cash Flow
$1,974 income − $2,924 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,118
Downpayment
20%
$79,160
Closing costs
1%
$3,958
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,974
Total Expenses
$2,924
Mortgage P&I
102%
$2,012
Property Taxes
11%
$219
Home Insurance
7%
$140
HOA
2%
$40
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0