This property looks like a bad Long-Term investment with a projected -13.54% first-year return on $83,916 initial cash invested.
-13.54%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,164
Rent
-$947
Cashflow
Cash Flow
$2,164 income − $3,111 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,916
Downpayment
20%
$79,920
Closing costs
1%
$3,996
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,164
Total Expenses
$3,111
Mortgage P&I
100%
$2,167
Property Taxes
11%
$242
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0