This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $87,150 initial cash invested.
-12.2%
Cash On Cash
4.31%
Cap Rate
0.66
DSCR
$2,237
Rent
-$886
Cashflow
Cash Flow
$2,237 income − $3,123 expenses = $886 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,237
Total Expenses
$3,123
Mortgage P&I
101%
$2,265
Property Taxes
6%
$131
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0