This property looks like a bad Long-Term investment with a projected -7.89% first-year return on $83,979 initial cash invested.
-7.89%
Cash On Cash
4.81%
Cap Rate
0.79
DSCR
$2,391
Rent
-$552
Cashflow
Cash Flow
$2,391 income − $2,943 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,391
Total Expenses
$2,943
Mortgage P&I
85%
$2,036
Property Taxes
6%
$145
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0