This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $83,979 initial cash invested.
-13.26%
Cash On Cash
3.74%
Cap Rate
0.61
DSCR
$2,545
Rent
-$928
Cashflow
Cash Flow
$2,545 income − $3,473 expenses = $928 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,545
Total Expenses
$3,473
Mortgage P&I
80%
$2,048
Property Taxes
25%
$624
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0