This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $86,835 initial cash invested.
-13.65%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,118
Rent
-$988
Cashflow
Cash Flow
$2,118 income − $3,106 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,835
Downpayment
20%
$82,700
Closing costs
1%
$4,135
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,118
Total Expenses
$3,106
Mortgage P&I
107%
$2,257
Property Taxes
5%
$102
Home Insurance
8%
$175
HOA
1%
$21
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0