This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $83,998 initial cash invested.
-16.33%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,101
Rent
-$1,143
Cashflow
Cash Flow
$2,101 income − $3,244 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$83,998
Downpayment
20%
$79,998
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,101
Total Expenses
$3,244
Mortgage P&I
104%
$2,191
Property Taxes
13%
$267
Home Insurance
7%
$140
HOA
5%
$100
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0