This property looks like a bad Long-Term investment with a projected -20.35% first-year return on $83,979 initial cash invested.
-20.35%
Cash On Cash
2.61%
Cap Rate
0.39
DSCR
$1,735
Rent
-$1,424
Cashflow
Cash Flow
$1,735 income − $3,159 expenses = $1,424 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
$1,735
Total Expenses
$3,159
Mortgage P&I
127%
$2,207
Property Taxes
21%
$360
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0