This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $84,000 initial cash invested.
-11.41%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$1,929
Rent
-$799
Cashflow
Cash Flow
$1,929 income − $2,728 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,000
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,929
Total Expenses
$2,728
Mortgage P&I
106%
$2,048
Property Taxes
2%
$39
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0