This property looks like a bad Long-Term investment with a projected -20.51% first-year return on $83,979 initial cash invested.
-20.51%
Cash On Cash
2.04%
Cap Rate
0.33
DSCR
$1,514
Rent
-$1,435
Cashflow
Cash Flow
$1,514 income − $2,949 expenses = $1,435 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,514
Total Expenses
$2,949
Mortgage P&I
135%
$2,039
Property Taxes
24%
$370
Home Insurance
9%
$140
HOA
0%
$6
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0