This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $84,126 initial cash invested.
-13.35%
Cash On Cash
3.94%
Cap Rate
0.62
DSCR
$2,332
Rent
-$936
Cashflow
Cash Flow
$2,332 income − $3,268 expenses = $936 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,126
Downpayment
20%
$80,120
Closing costs
1%
$4,006
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,332
Total Expenses
$3,268
Mortgage P&I
92%
$2,134
Property Taxes
16%
$383
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0