This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $86,751 initial cash invested.
-11.88%
Cash On Cash
4.6%
Cap Rate
0.68
DSCR
$2,464
Rent
-$859
Cashflow
Cash Flow
$2,464 income − $3,323 expenses = $859 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,751
Downpayment
20%
$82,620
Closing costs
1%
$4,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,464
Total Expenses
$3,323
Mortgage P&I
94%
$2,320
Property Taxes
9%
$214
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0