This property looks like a bad Long-Term investment with a projected -5.31% first-year return on $85,050 initial cash invested.
-5.31%
Cash On Cash
5.44%
Cap Rate
0.89
DSCR
$2,751
Rent
-$376
Cashflow
Cash Flow
$2,751 income − $3,127 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,050
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,751
Total Expenses
$3,127
Mortgage P&I
75%
$2,073
Property Taxes
7%
$196
Home Insurance
5%
$142
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0