This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $84,021 initial cash invested.
-13.11%
Cash On Cash
3.77%
Cap Rate
0.61
DSCR
$2,031
Rent
-$918
Cashflow
Cash Flow
$2,031 income − $2,949 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,021
Downpayment
20%
$80,020
Closing costs
1%
$4,001
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,031
Total Expenses
$2,949
Mortgage P&I
102%
$2,072
Property Taxes
10%
$204
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0