This property looks like a bad Long-Term investment with a projected -10.01% first-year return on $84,063 initial cash invested.
-10.01%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$2,460
Rent
-$701
Cashflow
Cash Flow
$2,460 income − $3,161 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,063
Downpayment
20%
$80,060
Closing costs
1%
$4,003
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,460
Total Expenses
$3,161
Mortgage P&I
89%
$2,192
Property Taxes
6%
$143
Home Insurance
6%
$143
HOA
2%
$43
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0