This property looks like a bad Long-Term investment with a projected -16.86% first-year return on $83,979 initial cash invested.
-16.86%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$1,976
Rent
-$1,180
Cashflow
Cash Flow
$1,976 income − $3,156 expenses = $1,180 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,979
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,976
Total Expenses
$3,156
Mortgage P&I
110%
$2,182
Property Taxes
14%
$284
Home Insurance
7%
$140
HOA
2%
$35
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0