This property looks like a bad Long-Term investment with a projected -16.62% first-year return on $83,953 initial cash invested.
-16.62%
Cash On Cash
2.87%
Cap Rate
0.47
DSCR
$2,035
Rent
-$1,163
Cashflow
Cash Flow
$2,035 income − $3,198 expenses = $1,163 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,953
Downpayment
20%
$79,955
Closing costs
1%
$3,998
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,035
Total Expenses
$3,198
Mortgage P&I
99%
$2,016
Property Taxes
25%
$512
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0