This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $83,979 initial cash invested.
-17.52%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$2,377
Rent
-$1,226
Cashflow
Cash Flow
$2,377 income − $3,603 expenses = $1,226 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
$2,377
Total Expenses
$3,603
Mortgage P&I
92%
$2,186
Property Taxes
28%
$658
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0