This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $84,000 initial cash invested.
-11.26%
Cash On Cash
4.38%
Cap Rate
0.69
DSCR
$2,364
Rent
-$788
Cashflow
Cash Flow
$2,364 income − $3,152 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,000
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,364
Total Expenses
$3,152
Mortgage P&I
90%
$2,129
Property Taxes
11%
$269
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0