This property looks like a bad Long-Term investment with a projected -2.14% first-year return on $85,407 initial cash invested.
-2.14%
Cash On Cash
6.14%
Cap Rate
1.01
DSCR
$3,361
Rent
-$152
Cashflow
Cash Flow
$3,361 income − $3,513 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,407
Downpayment
20%
$81,340
Closing costs
1%
$4,067
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,361
Total Expenses
$3,513
Mortgage P&I
61%
$2,064
Property Taxes
12%
$403
Home Insurance
5%
$158
HOA
0%
$14
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0