This property looks like a bad Long-Term investment with a projected -14.92% first-year return on $83,979 initial cash invested.
-14.92%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$1,882
Rent
-$1,044
Cashflow
Cash Flow
$1,882 income − $2,926 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,882
Total Expenses
$2,926
Mortgage P&I
109%
$2,046
Property Taxes
13%
$251
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0