This property looks like a bad Long-Term investment with a projected -16.34% first-year return on $84,000 initial cash invested.
-16.34%
Cash On Cash
2.96%
Cap Rate
0.49
DSCR
$2,062
Rent
-$1,144
Cashflow
Cash Flow
$2,062 income − $3,206 expenses = $1,144 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,000
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,062
Total Expenses
$3,206
Mortgage P&I
98%
$2,026
Property Taxes
24%
$504
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0