This property looks like a bad Long-Term investment with a projected -8.13% first-year return on $85,050 initial cash invested.
-8.13%
Cash On Cash
5.08%
Cap Rate
0.79
DSCR
$2,497
Rent
-$576
Cashflow
Cash Flow
$2,497 income − $3,073 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,497
Total Expenses
$3,073
Mortgage P&I
87%
$2,166
Property Taxes
5%
$115
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0