This property looks like a bad Long-Term investment with a projected -10.64% first-year return on $83,811 initial cash invested.
-10.64%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$2,653
Rent
-$743
Cashflow
Cash Flow
$2,653 income − $3,396 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,811
Downpayment
20%
$79,820
Closing costs
1%
$3,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,653
Total Expenses
$3,396
Mortgage P&I
84%
$2,222
Property Taxes
13%
$344
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0