This property looks like a bad Long-Term investment with a projected -13% first-year return on $84,000 initial cash invested.
-13%
Cash On Cash
3.84%
Cap Rate
0.62
DSCR
$2,648
Rent
-$910
Cashflow
Cash Flow
$2,648 income − $3,558 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,648
Total Expenses
$3,558
Mortgage P&I
78%
$2,059
Property Taxes
25%
$671
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0