This property looks like a bad Long-Term investment with a projected -14.46% first-year return on $83,990 initial cash invested.
-14.46%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$2,488
Rent
-$1,012
Cashflow
Cash Flow
$2,488 income − $3,500 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,990
Downpayment
20%
$79,990
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,488
Total Expenses
$3,500
Mortgage P&I
91%
$2,260
Property Taxes
7%
$184
Home Insurance
6%
$140
HOA
11%
$270
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0