This property looks like a bad Long-Term investment with a projected -12.1% first-year return on $84,000 initial cash invested.
-12.1%
Cash On Cash
3.86%
Cap Rate
0.63
DSCR
$1,965
Rent
-$847
Cashflow
Cash Flow
$1,965 income − $2,812 expenses = $847 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
$1,965
Total Expenses
$2,812
Mortgage P&I
104%
$2,034
Property Taxes
7%
$128
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0