This property looks like a bad Long-Term investment with a projected -3.93% first-year return on $87,990 initial cash invested.
-3.93%
Cash On Cash
5.83%
Cap Rate
0.94
DSCR
$3,292
Rent
-$288
Cashflow
Cash Flow
$3,292 income − $3,580 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,990
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,292
Total Expenses
$3,580
Mortgage P&I
66%
$2,160
Property Taxes
13%
$416
Home Insurance
4%
$147
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0