This property looks like a bad Long-Term investment with a projected -7.63% first-year return on $83,853 initial cash invested.
-7.63%
Cash On Cash
5.59%
Cap Rate
0.83
DSCR
$2,839
Rent
-$533
Cashflow
Cash Flow
$2,839 income − $3,372 expenses = $533 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,853
Downpayment
20%
$79,860
Closing costs
1%
$3,993
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,839
Total Expenses
$3,372
Mortgage P&I
79%
$2,251
Property Taxes
9%
$243
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0