This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $84,609 initial cash invested.
-13.64%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$2,021
Rent
-$962
Cashflow
Cash Flow
$2,021 income − $2,983 expenses = $962 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,609
Downpayment
20%
$80,580
Closing costs
1%
$4,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,021
Total Expenses
$2,983
Mortgage P&I
102%
$2,054
Property Taxes
13%
$262
Home Insurance
7%
$142
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0