This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $83,979 initial cash invested.
-13.73%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$2,027
Rent
-$961
Cashflow
Cash Flow
$2,027 income − $2,988 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,979
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,027
Total Expenses
$2,988
Mortgage P&I
108%
$2,182
Property Taxes
6%
$129
Home Insurance
7%
$140
HOA
0%
$10
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0