This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $84,231 initial cash invested.
-15.6%
Cash On Cash
3.25%
Cap Rate
0.52
DSCR
$2,088
Rent
-$1,095
Cashflow
Cash Flow
$2,088 income − $3,183 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,231
Downpayment
20%
$80,220
Closing costs
1%
$4,011
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,088
Total Expenses
$3,183
Mortgage P&I
99%
$2,077
Property Taxes
18%
$380
Home Insurance
9%
$184
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0