This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $83,979 initial cash invested.
-13.82%
Cash On Cash
3.58%
Cap Rate
0.58
DSCR
$1,982
Rent
-$967
Cashflow
Cash Flow
$1,982 income − $2,949 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,982
Total Expenses
$2,949
Mortgage P&I
104%
$2,061
Property Taxes
8%
$149
Home Insurance
7%
$140
HOA
4%
$84
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0