This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $83,916 initial cash invested.
-10.31%
Cash On Cash
4.29%
Cap Rate
0.7
DSCR
$2,265
Rent
-$721
Cashflow
Cash Flow
$2,265 income − $2,986 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,916
Downpayment
20%
$79,920
Closing costs
1%
$3,996
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,265
Total Expenses
$2,986
Mortgage P&I
90%
$2,036
Property Taxes
10%
$220
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0