This property looks like a bad Long-Term investment with a projected -12.27% first-year return on $84,294 initial cash invested.
-12.27%
Cash On Cash
4.24%
Cap Rate
0.66
DSCR
$2,559
Rent
-$862
Cashflow
Cash Flow
$2,559 income − $3,421 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,294
Downpayment
20%
$80,280
Closing costs
1%
$4,014
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,559
Total Expenses
$3,421
Mortgage P&I
84%
$2,153
Property Taxes
18%
$452
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0