This property looks like a bad Long-Term investment with a projected -25.79% first-year return on $84,000 initial cash invested.
-25.79%
Cash On Cash
1.45%
Cap Rate
0.22
DSCR
$2,045
Rent
-$1,805
Cashflow
Cash Flow
$2,045 income − $3,850 expenses = $1,805 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,045
Total Expenses
$3,850
Mortgage P&I
107%
$2,186
Property Taxes
48%
$986
Home Insurance
7%
$140
HOA
0%
$7
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0