This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $83,895 initial cash invested.
-16.06%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$1,945
Rent
-$1,123
Cashflow
Cash Flow
$1,945 income − $3,068 expenses = $1,123 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,895
Downpayment
20%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,945
Total Expenses
$3,068
Mortgage P&I
105%
$2,034
Property Taxes
20%
$387
Home Insurance
7%
$140
HOA
0%
$2
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0