This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $84,000 initial cash invested.
-13.26%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$2,300
Rent
-$928
Cashflow
Cash Flow
$2,300 income − $3,228 expenses = $928 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
$2,300
Total Expenses
$3,228
Mortgage P&I
96%
$2,199
Property Taxes
13%
$291
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0