This property looks like a bad Long-Term investment with a projected -11.52% first-year return on $83,979 initial cash invested.
-11.52%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$2,464
Rent
-$806
Cashflow
Cash Flow
$2,464 income − $3,270 expenses = $806 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,464
Total Expenses
$3,270
Mortgage P&I
90%
$2,217
Property Taxes
11%
$273
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0