This property looks like a bad Long-Term investment with a projected -10.66% first-year return on $84,000 initial cash invested.
-10.66%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$2,326
Rent
-$746
Cashflow
Cash Flow
$2,326 income − $3,072 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,326
Total Expenses
$3,072
Mortgage P&I
92%
$2,145
Property Taxes
8%
$182
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0