This property looks like a bad Long-Term investment with a projected -3.69% first-year return on $84,000 initial cash invested.
-3.69%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$3,104
Rent
-$258
Cashflow
Cash Flow
$3,104 income − $3,362 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,104
Total Expenses
$3,362
Mortgage P&I
66%
$2,034
Property Taxes
12%
$382
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0