This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $84,000 initial cash invested.
-11.31%
Cash On Cash
4.58%
Cap Rate
0.69
DSCR
$2,253
Rent
-$792
Cashflow
Cash Flow
$2,253 income − $3,045 expenses = $792 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,253
Total Expenses
$3,045
Mortgage P&I
98%
$2,204
Property Taxes
5%
$115
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0