This property looks like a bad Long-Term investment with a projected -4.57% first-year return on $85,890 initial cash invested.
-4.57%
Cash On Cash
6.06%
Cap Rate
0.93
DSCR
$3,552
Rent
-$327
Cashflow
Cash Flow
$3,552 income − $3,879 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,890
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,552
Total Expenses
$3,879
Mortgage P&I
62%
$2,215
Property Taxes
16%
$559
Home Insurance
5%
$173
HOA
0%
$8
Property Management
10%
$355
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0