This property looks like a bad Long-Term investment with a projected -20.15% first-year return on $83,979 initial cash invested.
-20.15%
Cash On Cash
2.48%
Cap Rate
0.38
DSCR
$1,288
Rent
-$1,410
Cashflow
Cash Flow
$1,288 income − $2,698 expenses = $1,410 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,288
Total Expenses
$2,698
Mortgage P&I
169%
$2,174
Property Taxes
4%
$50
Home Insurance
11%
$140
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0