This property looks like a bad Long-Term investment with a projected -11.77% first-year return on $85,428 initial cash invested.
-11.77%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$2,753
Rent
-$838
Cashflow
Cash Flow
$2,753 income − $3,591 expenses = $838 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,428
Downpayment
20%
$81,360
Closing costs
1%
$4,068
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,753
Total Expenses
$3,591
Mortgage P&I
81%
$2,226
Property Taxes
18%
$487
Home Insurance
5%
$140
HOA
1%
$22
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0