This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $83,979 initial cash invested.
-15.49%
Cash On Cash
3.64%
Cap Rate
0.55
DSCR
$2,123
Rent
-$1,084
Cashflow
Cash Flow
$2,123 income − $3,207 expenses = $1,084 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,123
Total Expenses
$3,207
Mortgage P&I
103%
$2,192
Property Taxes
15%
$324
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0