This property looks like a bad Long-Term investment with a projected -8.92% first-year return on $84,630 initial cash invested.
-8.92%
Cash On Cash
5.06%
Cap Rate
0.77
DSCR
$2,603
Rent
-$629
Cashflow
Cash Flow
$2,603 income − $3,232 expenses = $629 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,630
Downpayment
20%
$80,600
Closing costs
1%
$4,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,603
Total Expenses
$3,232
Mortgage P&I
84%
$2,199
Property Taxes
8%
$217
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0