This property looks like a bad Long-Term investment with a projected -13.36% first-year return on $87,297 initial cash invested.
-13.36%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$2,320
Rent
-$972
Cashflow
Cash Flow
$2,320 income − $3,292 expenses = $972 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,297
Downpayment
20%
$83,140
Closing costs
1%
$4,157
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,320
Total Expenses
$3,292
Mortgage P&I
96%
$2,233
Property Taxes
13%
$312
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0