This property looks like a bad Long-Term investment with a projected -8.91% first-year return on $85,512 initial cash invested.
-8.91%
Cash On Cash
5.24%
Cap Rate
0.79
DSCR
$3,105
Rent
-$635
Cashflow
Cash Flow
$3,105 income − $3,740 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,512
Downpayment
20%
$81,440
Closing costs
1%
$4,072
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,105
Total Expenses
$3,740
Mortgage P&I
73%
$2,259
Property Taxes
4%
$139
Home Insurance
5%
$142
HOA
13%
$394
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0