This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $83,979 initial cash invested.
-14.58%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$2,296
Rent
-$1,020
Cashflow
Cash Flow
$2,296 income − $3,316 expenses = $1,020 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
$2,296
Total Expenses
$3,316
Mortgage P&I
95%
$2,178
Property Taxes
17%
$400
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0