This property looks like a bad Long-Term investment with a projected -22.57% first-year return on $83,895 initial cash invested.
-22.57%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$1,029
Rent
-$1,578
Cashflow
Cash Flow
$1,029 income − $2,607 expenses = $1,578 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,895
Downpayment
20%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,029
Total Expenses
$2,607
Mortgage P&I
207%
$2,134
Property Taxes
6%
$66
Home Insurance
14%
$140
HOA
0%
$0
Property Management
10%
$103
CapEx
5%
$51
Vacancy
6%
$62
Maintenance
5%
$51
Other
0%
$0