This property looks like a bad Long-Term investment with a projected -20.78% first-year return on $83,790 initial cash invested.
-20.78%
Cash On Cash
2.55%
Cap Rate
0.38
DSCR
$1,838
Rent
-$1,451
Cashflow
Cash Flow
$1,838 income − $3,289 expenses = $1,451 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,790
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,838
Total Expenses
$3,289
Mortgage P&I
120%
$2,207
Property Taxes
25%
$464
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0