This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $83,979 initial cash invested.
-14.42%
Cash On Cash
3.45%
Cap Rate
0.56
DSCR
$1,734
Rent
-$1,009
Cashflow
Cash Flow
$1,734 income − $2,743 expenses = $1,009 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,734
Total Expenses
$2,743
Mortgage P&I
119%
$2,072
Property Taxes
5%
$80
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0