This property looks like a bad Long-Term investment with a projected -6.79% first-year return on $83,979 initial cash invested.
-6.79%
Cash On Cash
5.41%
Cap Rate
0.85
DSCR
$3,003
Rent
-$475
Cashflow
Cash Flow
$3,003 income − $3,478 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,003
Total Expenses
$3,478
Mortgage P&I
71%
$2,128
Property Taxes
14%
$430
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0