This property looks like a bad Long-Term investment with a projected -13.89% first-year return on $84,000 initial cash invested.
-13.89%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$1,981
Rent
-$972
Cashflow
Cash Flow
$1,981 income − $2,953 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,981
Total Expenses
$2,953
Mortgage P&I
113%
$2,248
Property Taxes
3%
$50
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0