This property looks like a bad Long-Term investment with a projected -13.99% first-year return on $84,000 initial cash invested.
-13.99%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$2,278
Rent
-$979
Cashflow
Cash Flow
$2,278 income − $3,257 expenses = $979 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,278
Total Expenses
$3,257
Mortgage P&I
96%
$2,188
Property Taxes
12%
$281
Home Insurance
6%
$140
HOA
2%
$55
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0