This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $83,979 initial cash invested.
-15.78%
Cash On Cash
3.6%
Cap Rate
0.54
DSCR
$2,007
Rent
-$1,104
Cashflow
Cash Flow
$2,007 income − $3,111 expenses = $1,104 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,007
Total Expenses
$3,111
Mortgage P&I
110%
$2,203
Property Taxes
12%
$247
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0