This property looks like a bad Long-Term investment with a projected -14.41% first-year return on $83,265 initial cash invested.
-14.41%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,422
Rent
-$1,000
Cashflow
Cash Flow
$2,422 income − $3,422 expenses = $1,000 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,265
Downpayment
20%
$79,300
Closing costs
1%
$3,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,422
Total Expenses
$3,422
Mortgage P&I
88%
$2,141
Property Taxes
21%
$498
Home Insurance
6%
$150
HOA
0%
$4
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0