This property looks like a bad Long-Term investment with a projected -12.39% first-year return on $87,759 initial cash invested.
-12.39%
Cash On Cash
4.14%
Cap Rate
0.65
DSCR
$2,519
Rent
-$906
Cashflow
Cash Flow
$2,519 income − $3,425 expenses = $906 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,759
Downpayment
20%
$83,580
Closing costs
1%
$4,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,519
Total Expenses
$3,425
Mortgage P&I
88%
$2,221
Property Taxes
16%
$400
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0