This property looks like a bad Long-Term investment with a projected -9.06% first-year return on $84,000 initial cash invested.
-9.06%
Cash On Cash
5.3%
Cap Rate
0.79
DSCR
$3,157
Rent
-$634
Cashflow
Cash Flow
$3,157 income − $3,791 expenses = $634 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,157
Total Expenses
$3,791
Mortgage P&I
71%
$2,241
Property Taxes
19%
$589
Home Insurance
4%
$140
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0