This property looks like a bad Long-Term investment with a projected -14.95% first-year return on $83,979 initial cash invested.
-14.95%
Cash On Cash
3.98%
Cap Rate
0.58
DSCR
$2,082
Rent
-$1,046
Cashflow
Cash Flow
$2,082 income − $3,128 expenses = $1,046 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,082
Total Expenses
$3,128
Mortgage P&I
109%
$2,268
Property Taxes
9%
$179
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0