This property looks like a bad Long-Term investment with a projected -12.28% first-year return on $83,559 initial cash invested.
-12.28%
Cash On Cash
4.51%
Cap Rate
0.67
DSCR
$2,524
Rent
-$855
Cashflow
Cash Flow
$2,524 income − $3,379 expenses = $855 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,559
Downpayment
20%
$79,580
Closing costs
1%
$3,979
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,524
Total Expenses
$3,379
Mortgage P&I
88%
$2,224
Property Taxes
13%
$318
Home Insurance
6%
$140
HOA
2%
$42
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0