This property looks like a bad Long-Term investment with a projected -12.77% first-year return on $86,562 initial cash invested.
-12.77%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$2,647
Rent
-$921
Cashflow
Cash Flow
$2,647 income − $3,568 expenses = $921 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,562
Downpayment
20%
$82,440
Closing costs
1%
$4,122
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,647
Total Expenses
$3,568
Mortgage P&I
85%
$2,241
Property Taxes
19%
$492
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0