This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $83,979 initial cash invested.
-13.63%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$2,521
Rent
-$954
Cashflow
Cash Flow
$2,521 income − $3,475 expenses = $954 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,521
Total Expenses
$3,475
Mortgage P&I
88%
$2,214
Property Taxes
18%
$466
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0