This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $84,462 initial cash invested.
-13.6%
Cash On Cash
3.7%
Cap Rate
0.59
DSCR
$2,153
Rent
-$957
Cashflow
Cash Flow
$2,153 income − $3,110 expenses = $957 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,462
Downpayment
20%
$80,440
Closing costs
1%
$4,022
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,153
Total Expenses
$3,110
Mortgage P&I
97%
$2,089
Property Taxes
15%
$317
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0