This property looks like a bad Long-Term investment with a projected -16.93% first-year return on $83,979 initial cash invested.
-16.93%
Cash On Cash
3.47%
Cap Rate
0.52
DSCR
$1,951
Rent
-$1,185
Cashflow
Cash Flow
$1,951 income − $3,136 expenses = $1,185 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
$1,951
Total Expenses
$3,136
Mortgage P&I
115%
$2,243
Property Taxes
13%
$245
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0