This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $83,979 initial cash invested.
-10.3%
Cash On Cash
4.92%
Cap Rate
0.74
DSCR
$2,937
Rent
-$721
Cashflow
Cash Flow
$2,937 income − $3,658 expenses = $721 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,937
Total Expenses
$3,658
Mortgage P&I
75%
$2,214
Property Taxes
18%
$540
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0