This property looks like a bad Long-Term investment with a projected -14% first-year return on $85,785 initial cash invested.
-14%
Cash On Cash
4.04%
Cap Rate
0.61
DSCR
$2,462
Rent
-$1,001
Cashflow
Cash Flow
$2,462 income − $3,463 expenses = $1,001 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,785
Downpayment
20%
$81,700
Closing costs
1%
$4,085
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$3,463
Mortgage P&I
91%
$2,252
Property Taxes
17%
$424
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0