This property looks like a bad Long-Term investment with a projected -12.43% first-year return on $84,000 initial cash invested.
-12.43%
Cash On Cash
4.16%
Cap Rate
0.65
DSCR
$2,404
Rent
-$870
Cashflow
Cash Flow
$2,404 income − $3,274 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,404
Total Expenses
$3,274
Mortgage P&I
89%
$2,137
Property Taxes
16%
$373
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0