This property looks like a bad Long-Term investment with a projected -18.33% first-year return on $83,979 initial cash invested.
-18.33%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$1,874
Rent
-$1,283
Cashflow
Cash Flow
$1,874 income − $3,157 expenses = $1,283 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
$1,874
Total Expenses
$3,157
Mortgage P&I
116%
$2,179
Property Taxes
19%
$351
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0