This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $86,520 initial cash invested.
-13.13%
Cash On Cash
4.08%
Cap Rate
0.62
DSCR
$2,102
Rent
-$947
Cashflow
Cash Flow
$2,102 income − $3,049 expenses = $947 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,520
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,102
Total Expenses
$3,049
Mortgage P&I
107%
$2,242
Property Taxes
5%
$103
Home Insurance
7%
$144
HOA
1%
$14
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0