This property looks like a bad Long-Term investment with a projected -20.39% first-year return on $83,979 initial cash invested.
-20.39%
Cash On Cash
2.6%
Cap Rate
0.39
DSCR
$1,448
Rent
-$1,427
Cashflow
Cash Flow
$1,448 income − $2,875 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,448
Total Expenses
$2,875
Mortgage P&I
153%
$2,220
Property Taxes
10%
$139
Home Insurance
10%
$140
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0