This property looks like a bad Long-Term investment with a projected -12.69% first-year return on $85,680 initial cash invested.
-12.69%
Cash On Cash
4.18%
Cap Rate
0.64
DSCR
$2,189
Rent
-$906
Cashflow
Cash Flow
$2,189 income − $3,095 expenses = $906 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,680
Downpayment
20%
$81,600
Closing costs
1%
$4,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$3,095
Mortgage P&I
101%
$2,217
Property Taxes
7%
$144
Home Insurance
7%
$145
HOA
1%
$21
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0