This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $85,344 initial cash invested.
-11.87%
Cash On Cash
4.32%
Cap Rate
0.67
DSCR
$2,471
Rent
-$844
Cashflow
Cash Flow
$2,471 income − $3,315 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,344
Downpayment
20%
$81,280
Closing costs
1%
$4,064
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,471
Total Expenses
$3,315
Mortgage P&I
88%
$2,184
Property Taxes
14%
$355
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0