This property looks like a bad Long-Term investment with a projected -19.13% first-year return on $83,979 initial cash invested.
-19.13%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$1,479
Rent
-$1,339
Cashflow
Cash Flow
$1,479 income − $2,818 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,479
Total Expenses
$2,818
Mortgage P&I
138%
$2,042
Property Taxes
17%
$251
Home Insurance
9%
$140
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0