This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $84,441 initial cash invested.
-16.2%
Cash On Cash
3%
Cap Rate
0.49
DSCR
$2,180
Rent
-$1,140
Cashflow
Cash Flow
$2,180 income − $3,320 expenses = $1,140 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,441
Downpayment
20%
$80,420
Closing costs
1%
$4,021
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,180
Total Expenses
$3,320
Mortgage P&I
93%
$2,037
Property Taxes
25%
$544
Home Insurance
8%
$172
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0