This property looks like a bad Long-Term investment with a projected -9.76% first-year return on $86,100 initial cash invested.
-9.76%
Cash On Cash
4.52%
Cap Rate
0.73
DSCR
$2,343
Rent
-$700
Cashflow
Cash Flow
$2,343 income − $3,043 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,343
Total Expenses
$3,043
Mortgage P&I
91%
$2,127
Property Taxes
7%
$163
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0