This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $84,000 initial cash invested.
-10.06%
Cash On Cash
4.34%
Cap Rate
0.71
DSCR
$2,471
Rent
-$704
Cashflow
Cash Flow
$2,471 income − $3,175 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,471
Total Expenses
$3,175
Mortgage P&I
82%
$2,025
Property Taxes
15%
$367
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0