This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $84,000 initial cash invested.
-13.96%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$2,316
Rent
-$977
Cashflow
Cash Flow
$2,316 income − $3,293 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,000
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,316
Total Expenses
$3,293
Mortgage P&I
94%
$2,183
Property Taxes
16%
$367
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0