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This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $84,000 initial cash invested.
-13.9%
Cash On Cash
3.43%
Cap Rate
0.57
DSCR
$2,042
Rent
-$973
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,042 income − $3,015 expenses = $973 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,042
Total Expenses
$3,015
Mortgage P&I
99%
$2,014
Property Taxes
16%
$330
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0