This property looks like a bad Long-Term investment with a projected -8.16% first-year return on $84,000 initial cash invested.
-8.16%
Cash On Cash
5.58%
Cap Rate
0.82
DSCR
$3,050
Rent
-$571
Cashflow
Cash Flow
$3,050 income − $3,621 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.7%
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
$3,050
Total Expenses
$3,621
Mortgage P&I
75%
$2,280
Property Taxes
13%
$409
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0