This property looks like a bad Long-Term investment with a projected -17.93% first-year return on $84,000 initial cash invested.
-17.93%
Cash On Cash
2.71%
Cap Rate
0.44
DSCR
$1,699
Rent
-$1,255
Cashflow
Cash Flow
$1,699 income − $2,954 expenses = $1,255 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,699
Total Expenses
$2,954
Mortgage P&I
122%
$2,073
Property Taxes
18%
$299
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0