This property looks like a bad Long-Term investment with a projected -13.38% first-year return on $87,885 initial cash invested.
-13.38%
Cash On Cash
3.9%
Cap Rate
0.61
DSCR
$2,440
Rent
-$980
Cashflow
Cash Flow
$2,440 income − $3,420 expenses = $980 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,885
Downpayment
20%
$83,700
Closing costs
1%
$4,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,440
Total Expenses
$3,420
Mortgage P&I
91%
$2,219
Property Taxes
17%
$417
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0