This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $84,504 initial cash invested.
-12.4%
Cash On Cash
4.44%
Cap Rate
0.67
DSCR
$2,478
Rent
-$873
Cashflow
Cash Flow
$2,478 income − $3,351 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,504
Downpayment
20%
$80,480
Closing costs
1%
$4,024
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$3,351
Mortgage P&I
90%
$2,238
Property Taxes
13%
$323
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0