This property looks like a bad Long-Term investment with a projected -12.43% first-year return on $84,000 initial cash invested.
-12.43%
Cash On Cash
4.6%
Cap Rate
0.68
DSCR
$3,058
Rent
-$870
Cashflow
Cash Flow
$3,058 income − $3,928 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,058
Total Expenses
$3,928
Mortgage P&I
74%
$2,249
Property Taxes
24%
$744
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0