This property looks like a bad Long-Term investment with a projected -18.12% first-year return on $83,979 initial cash invested.
-18.12%
Cash On Cash
3.01%
Cap Rate
0.46
DSCR
$1,636
Rent
-$1,268
Cashflow
Cash Flow
$1,636 income − $2,904 expenses = $1,268 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
$1,636
Total Expenses
$2,904
Mortgage P&I
134%
$2,189
Property Taxes
9%
$149
Home Insurance
9%
$140
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0