This property looks like a bad Long-Term investment with a projected -13% first-year return on $83,979 initial cash invested.
-13%
Cash On Cash
4.13%
Cap Rate
0.64
DSCR
$2,475
Rent
-$910
Cashflow
Cash Flow
$2,475 income − $3,385 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,475
Total Expenses
$3,385
Mortgage P&I
87%
$2,163
Property Taxes
18%
$438
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0