This property looks like a bad Long-Term investment with a projected -9.87% first-year return on $83,895 initial cash invested.
-9.87%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$2,327
Rent
-$690
Cashflow
Cash Flow
$2,327 income − $3,017 expenses = $690 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,895
Downpayment
20%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,327
Total Expenses
$3,017
Mortgage P&I
92%
$2,145
Property Taxes
5%
$127
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0