This property looks like a bad Long-Term investment with a projected -6.1% first-year return on $84,000 initial cash invested.
-6.1%
Cash On Cash
5.78%
Cap Rate
0.87
DSCR
$3,017
Rent
-$427
Cashflow
Cash Flow
$3,017 income − $3,444 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,017
Total Expenses
$3,444
Mortgage P&I
73%
$2,203
Property Taxes
10%
$316
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0