This property looks like a bad Long-Term investment with a projected -13.86% first-year return on $84,000 initial cash invested.
-13.86%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$2,198
Rent
-$970
Cashflow
Cash Flow
$2,198 income − $3,168 expenses = $970 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,198
Total Expenses
$3,168
Mortgage P&I
93%
$2,038
Property Taxes
19%
$418
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0