This property looks like a bad Long-Term investment with a projected -5.12% first-year return on $83,433 initial cash invested.
-5.12%
Cash On Cash
5.54%
Cap Rate
0.9
DSCR
$2,945
Rent
-$356
Cashflow
Cash Flow
$2,945 income − $3,301 expenses = $356 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,433
Downpayment
20%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,945
Total Expenses
$3,301
Mortgage P&I
69%
$2,043
Property Taxes
12%
$353
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0