This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $83,999 initial cash invested.
-12.59%
Cash On Cash
4.42%
Cap Rate
0.66
DSCR
$2,165
Rent
-$881
Cashflow
Cash Flow
$2,165 income − $3,046 expenses = $881 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,999
Downpayment
20%
$79,999
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,165
Total Expenses
$3,046
Mortgage P&I
104%
$2,246
Property Taxes
5%
$98
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0