This property looks like a bad Long-Term investment with a projected -13.5% first-year return on $85,701 initial cash invested.
-13.5%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$2,492
Rent
-$964
Cashflow
Cash Flow
$2,492 income − $3,456 expenses = $964 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,701
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,492
Total Expenses
$3,456
Mortgage P&I
90%
$2,255
Property Taxes
15%
$372
Home Insurance
6%
$147
HOA
1%
$33
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0