This property looks like a bad Long-Term investment with a projected -13.07% first-year return on $84,294 initial cash invested.
-13.07%
Cash On Cash
3.97%
Cap Rate
0.63
DSCR
$2,985
Rent
-$918
Cashflow
Cash Flow
$2,985 income − $3,903 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,985
Total Expenses
$3,903
Mortgage P&I
70%
$2,096
Property Taxes
30%
$888
Home Insurance
5%
$144
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0