This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $84,000 initial cash invested.
-11.29%
Cash On Cash
4.74%
Cap Rate
0.71
DSCR
$2,780
Rent
-$790
Cashflow
Cash Flow
$2,780 income − $3,570 expenses = $790 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,780
Total Expenses
$3,570
Mortgage P&I
80%
$2,230
Property Taxes
17%
$477
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0