This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $83,979 initial cash invested.
-15.09%
Cash On Cash
3.52%
Cap Rate
0.55
DSCR
$2,109
Rent
-$1,056
Cashflow
Cash Flow
$2,109 income − $3,165 expenses = $1,056 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,109
Total Expenses
$3,165
Mortgage P&I
101%
$2,123
Property Taxes
17%
$354
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$127
Maintenance
5%
$105
Other
0%
$0