This property looks like a bad Long-Term investment with a projected -16.47% first-year return on $84,021 initial cash invested.
-16.47%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$2,187
Rent
-$1,153
Cashflow
Cash Flow
$2,187 income − $3,340 expenses = $1,153 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,021
Downpayment
20%
$80,020
Closing costs
1%
$4,001
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,187
Total Expenses
$3,340
Mortgage P&I
100%
$2,187
Property Taxes
20%
$447
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0