This property looks like a bad Long-Term investment with a projected -21.81% first-year return on $83,979 initial cash invested.
-21.81%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$1,629
Rent
-$1,526
Cashflow
Cash Flow
$1,629 income − $3,155 expenses = $1,526 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
$1,629
Total Expenses
$3,155
Mortgage P&I
135%
$2,196
Property Taxes
24%
$396
Home Insurance
9%
$140
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0