This property looks like a bad Long-Term investment with a projected -17.87% first-year return on $84,000 initial cash invested.
-17.87%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$2,085
Rent
-$1,251
Cashflow
Cash Flow
$2,085 income − $3,336 expenses = $1,251 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,085
Total Expenses
$3,336
Mortgage P&I
106%
$2,217
Property Taxes
21%
$438
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0