This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $84,000 initial cash invested.
-11.91%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$2,090
Rent
-$834
Cashflow
Cash Flow
$2,090 income − $2,924 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,000
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,090
Total Expenses
$2,924
Mortgage P&I
101%
$2,107
Property Taxes
6%
$135
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0