This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $84,000 initial cash invested.
-11.44%
Cash On Cash
4.39%
Cap Rate
0.68
DSCR
$2,064
Rent
-$801
Cashflow
Cash Flow
$2,064 income − $2,865 expenses = $801 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,064
Total Expenses
$2,865
Mortgage P&I
105%
$2,161
Property Taxes
1%
$28
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0