This property looks like a bad Long-Term investment with a projected -6.88% first-year return on $84,273 initial cash invested.
-6.88%
Cash On Cash
5.39%
Cap Rate
0.84
DSCR
$2,875
Rent
-$483
Cashflow
Cash Flow
$2,875 income − $3,358 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,273
Downpayment
20%
$80,260
Closing costs
1%
$4,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,875
Total Expenses
$3,358
Mortgage P&I
74%
$2,140
Property Taxes
11%
$330
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0