This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $84,000 initial cash invested.
-15.66%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$2,241
Rent
-$1,096
Cashflow
Cash Flow
$2,241 income − $3,337 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,241
Total Expenses
$3,337
Mortgage P&I
98%
$2,190
Property Taxes
19%
$425
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0