This property looks like a bad Long-Term investment with a projected -13.2% first-year return on $84,084 initial cash invested.
-13.2%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$2,816
Rent
-$925
Cashflow
Cash Flow
$2,816 income − $3,741 expenses = $925 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,084
Downpayment
20%
$80,080
Closing costs
1%
$4,004
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,816
Total Expenses
$3,741
Mortgage P&I
79%
$2,217
Property Taxes
23%
$651
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0