This property looks like a bad Long-Term investment with a projected -9.23% first-year return on $86,541 initial cash invested.
-9.23%
Cash On Cash
4.48%
Cap Rate
0.73
DSCR
$2,223
Rent
-$666
Cashflow
Cash Flow
$2,223 income − $2,889 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,541
Downpayment
20%
$82,420
Closing costs
1%
$4,121
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,223
Total Expenses
$2,889
Mortgage P&I
94%
$2,093
Property Taxes
3%
$72
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0