This property looks like a bad Long-Term investment with a projected -18.52% first-year return on $83,979 initial cash invested.
-18.52%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$2,012
Rent
-$1,296
Cashflow
Cash Flow
$2,012 income − $3,308 expenses = $1,296 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,012
Total Expenses
$3,308
Mortgage P&I
109%
$2,188
Property Taxes
23%
$456
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0