This property looks like a bad Long-Term investment with a projected -15.29% first-year return on $83,979 initial cash invested.
-15.29%
Cash On Cash
3.06%
Cap Rate
0.51
DSCR
$1,724
Rent
-$1,070
Cashflow
Cash Flow
$1,724 income − $2,794 expenses = $1,070 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.4%
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
$1,724
Total Expenses
$2,794
Mortgage P&I
116%
$2,003
Property Taxes
12%
$204
Home Insurance
8%
$140
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0