This property looks like a bad Long-Term investment with a projected -10.78% first-year return on $83,916 initial cash invested.
-10.78%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$2,395
Rent
-$754
Cashflow
Cash Flow
$2,395 income − $3,149 expenses = $754 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,916
Downpayment
20%
$79,920
Closing costs
1%
$3,996
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,395
Total Expenses
$3,149
Mortgage P&I
89%
$2,139
Property Taxes
11%
$265
Home Insurance
4%
$103
HOA
1%
$18
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0