This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $84,000 initial cash invested.
-13.59%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$2,475
Rent
-$951
Cashflow
Cash Flow
$2,475 income − $3,426 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,475
Total Expenses
$3,426
Mortgage P&I
87%
$2,146
Property Taxes
20%
$496
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0