This property looks like a bad Long-Term investment with a projected -6.97% first-year return on $83,370 initial cash invested.
-6.97%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$3,007
Rent
-$484
Cashflow
Cash Flow
$3,007 income − $3,491 expenses = $484 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,370
Downpayment
20%
$79,400
Closing costs
1%
$3,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,007
Total Expenses
$3,491
Mortgage P&I
72%
$2,157
Property Taxes
14%
$413
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0