This property looks like a bad Long-Term investment with a projected -10.25% first-year return on $83,958 initial cash invested.
-10.25%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$2,859
Rent
-$717
Cashflow
Cash Flow
$2,859 income − $3,576 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,958
Downpayment
20%
$79,960
Closing costs
1%
$3,998
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,859
Total Expenses
$3,576
Mortgage P&I
77%
$2,190
Property Taxes
16%
$467
Home Insurance
5%
$140
HOA
1%
$35
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0