This property looks like a bad Long-Term investment with a projected -7.26% first-year return on $86,058 initial cash invested.
-7.26%
Cash On Cash
4.99%
Cap Rate
0.82
DSCR
$2,794
Rent
-$521
Cashflow
Cash Flow
$2,794 income − $3,315 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,058
Downpayment
20%
$81,960
Closing costs
1%
$4,098
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,794
Total Expenses
$3,315
Mortgage P&I
75%
$2,086
Property Taxes
13%
$358
Home Insurance
5%
$144
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0