This property looks like a bad Long-Term investment with a projected -14.39% first-year return on $84,000 initial cash invested.
-14.39%
Cash On Cash
3.49%
Cap Rate
0.56
DSCR
$1,881
Rent
-$1,007
Cashflow
Cash Flow
$1,881 income − $2,888 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,881
Total Expenses
$2,888
Mortgage P&I
110%
$2,077
Property Taxes
9%
$167
Home Insurance
7%
$140
HOA
1%
$15
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0