This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $84,000 initial cash invested.
-12.09%
Cash On Cash
4.52%
Cap Rate
0.67
DSCR
$2,328
Rent
-$846
Cashflow
Cash Flow
$2,328 income − $3,174 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,328
Total Expenses
$3,174
Mortgage P&I
96%
$2,237
Property Taxes
8%
$192
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0