This property looks like a bad Long-Term investment with a projected -14.69% first-year return on $84,084 initial cash invested.
-14.69%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$2,038
Rent
-$1,029
Cashflow
Cash Flow
$2,038 income − $3,067 expenses = $1,029 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,084
Downpayment
20%
$80,080
Closing costs
1%
$4,004
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,038
Total Expenses
$3,067
Mortgage P&I
107%
$2,181
Property Taxes
10%
$212
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0