This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $83,790 initial cash invested.
-17.43%
Cash On Cash
3.42%
Cap Rate
0.5
DSCR
$1,790
Rent
-$1,217
Cashflow
Cash Flow
$1,790 income − $3,007 expenses = $1,217 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,790
Total Expenses
$3,007
Mortgage P&I
126%
$2,263
Property Taxes
8%
$138
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0