This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $83,979 initial cash invested.
-10.15%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$2,122
Rent
-$710
Cashflow
Cash Flow
$2,122 income − $2,832 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,122
Total Expenses
$2,832
Mortgage P&I
96%
$2,035
Property Taxes
5%
$106
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0