This property looks like a bad Long-Term investment with a projected -5.04% first-year return on $83,979 initial cash invested.
-5.04%
Cash On Cash
5.5%
Cap Rate
0.9
DSCR
$3,037
Rent
-$353
Cashflow
Cash Flow
$3,037 income − $3,390 expenses = $353 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
$3,037
Total Expenses
$3,390
Mortgage P&I
67%
$2,034
Property Taxes
14%
$426
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0