This property looks like a bad Long-Term investment with a projected -13.51% first-year return on $83,790 initial cash invested.
-13.51%
Cash On Cash
3.98%
Cap Rate
0.62
DSCR
$2,331
Rent
-$943
Cashflow
Cash Flow
$2,331 income − $3,274 expenses = $943 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,331
Total Expenses
$3,274
Mortgage P&I
92%
$2,151
Property Taxes
16%
$376
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0