This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $84,042 initial cash invested.
-11.37%
Cash On Cash
4.09%
Cap Rate
0.66
DSCR
$2,143
Rent
-$796
Cashflow
Cash Flow
$2,143 income − $2,939 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,042
Downpayment
20%
$80,040
Closing costs
1%
$4,002
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,143
Total Expenses
$2,939
Mortgage P&I
96%
$2,054
Property Taxes
9%
$186
Home Insurance
7%
$142
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0