This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $83,979 initial cash invested.
-12.19%
Cash On Cash
4.27%
Cap Rate
0.66
DSCR
$2,298
Rent
-$853
Cashflow
Cash Flow
$2,298 income − $3,151 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,298
Total Expenses
$3,151
Mortgage P&I
94%
$2,162
Property Taxes
10%
$234
Home Insurance
6%
$140
HOA
1%
$17
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0