This property looks like a bad Long-Term investment with a projected -18.59% first-year return on $83,979 initial cash invested.
-18.59%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$2,349
Rent
-$1,301
Cashflow
Cash Flow
$2,349 income − $3,650 expenses = $1,301 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
$2,349
Total Expenses
$3,650
Mortgage P&I
94%
$2,216
Property Taxes
29%
$684
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0