This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $87,255 initial cash invested.
-9.78%
Cash On Cash
4.52%
Cap Rate
0.72
DSCR
$2,318
Rent
-$711
Cashflow
Cash Flow
$2,318 income − $3,029 expenses = $711 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,255
Downpayment
20%
$83,100
Closing costs
1%
$4,155
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,318
Total Expenses
$3,029
Mortgage P&I
93%
$2,160
Property Taxes
5%
$116
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0