This property looks like a bad Long-Term investment with a projected -17.28% first-year return on $83,979 initial cash invested.
-17.28%
Cash On Cash
3.35%
Cap Rate
0.5
DSCR
$1,967
Rent
-$1,209
Cashflow
Cash Flow
$1,967 income − $3,176 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,979
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,967
Total Expenses
$3,176
Mortgage P&I
113%
$2,228
Property Taxes
15%
$297
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0