This property looks like a bad Long-Term investment with a projected -10.82% first-year return on $83,979 initial cash invested.
-10.82%
Cash On Cash
4.63%
Cap Rate
0.71
DSCR
$2,385
Rent
-$757
Cashflow
Cash Flow
$2,385 income − $3,142 expenses = $757 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
$2,385
Total Expenses
$3,142
Mortgage P&I
91%
$2,182
Property Taxes
8%
$201
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0