This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $83,979 initial cash invested.
-13.73%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$2,264
Rent
-$961
Cashflow
Cash Flow
$2,264 income − $3,225 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,264
Total Expenses
$3,225
Mortgage P&I
96%
$2,176
Property Taxes
14%
$321
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0