This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $85,239 initial cash invested.
-11.88%
Cash On Cash
4.31%
Cap Rate
0.67
DSCR
$2,271
Rent
-$844
Cashflow
Cash Flow
$2,271 income − $3,115 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,239
Downpayment
20%
$81,180
Closing costs
1%
$4,059
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,271
Total Expenses
$3,115
Mortgage P&I
96%
$2,187
Property Taxes
5%
$122
Home Insurance
8%
$184
HOA
1%
$31
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0