This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $83,979 initial cash invested.
-13.82%
Cash On Cash
3.68%
Cap Rate
0.59
DSCR
$1,996
Rent
-$967
Cashflow
Cash Flow
$1,996 income − $2,963 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,979
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,996
Total Expenses
$2,963
Mortgage P&I
105%
$2,095
Property Taxes
10%
$208
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0