This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $87,150 initial cash invested.
-9.28%
Cash On Cash
4.59%
Cap Rate
0.74
DSCR
$2,467
Rent
-$674
Cashflow
Cash Flow
$2,467 income − $3,141 expenses = $674 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,467
Total Expenses
$3,141
Mortgage P&I
87%
$2,138
Property Taxes
9%
$217
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0