This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $83,979 initial cash invested.
-16.05%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$2,059
Rent
-$1,123
Cashflow
Cash Flow
$2,059 income − $3,182 expenses = $1,123 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,979
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,059
Total Expenses
$3,182
Mortgage P&I
104%
$2,148
Property Taxes
17%
$358
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0