This property looks like a bad Long-Term investment with a projected -14.43% first-year return on $83,979 initial cash invested.
-14.43%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$1,932
Rent
-$1,010
Cashflow
Cash Flow
$1,932 income − $2,942 expenses = $1,010 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,932
Total Expenses
$2,942
Mortgage P&I
113%
$2,185
Property Taxes
6%
$114
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0