This property looks like a bad Long-Term investment with a projected -6.37% first-year return on $84,189 initial cash invested.
-6.37%
Cash On Cash
5.3%
Cap Rate
0.86
DSCR
$2,980
Rent
-$447
Cashflow
Cash Flow
$2,980 income − $3,427 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,189
Downpayment
20%
$80,180
Closing costs
1%
$4,009
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,980
Total Expenses
$3,427
Mortgage P&I
69%
$2,067
Property Taxes
15%
$452
Home Insurance
4%
$133
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0