This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $84,000 initial cash invested.
-12.93%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$2,030
Rent
-$905
Cashflow
Cash Flow
$2,030 income − $2,935 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,030
Total Expenses
$2,935
Mortgage P&I
109%
$2,217
Property Taxes
2%
$49
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0