This property looks like a bad Long-Term investment with a projected -7.04% first-year return on $84,000 initial cash invested.
-7.04%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$2,703
Rent
-$493
Cashflow
Cash Flow
$2,703 income − $3,196 expenses = $493 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,000
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,703
Total Expenses
$3,196
Mortgage P&I
75%
$2,035
Property Taxes
12%
$319
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0