This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $87,339 initial cash invested.
-12.53%
Cash On Cash
4.16%
Cap Rate
0.64
DSCR
$2,349
Rent
-$912
Cashflow
Cash Flow
$2,349 income − $3,261 expenses = $912 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,339
Downpayment
20%
$83,180
Closing costs
1%
$4,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,349
Total Expenses
$3,261
Mortgage P&I
95%
$2,236
Property Taxes
12%
$285
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0