This property looks like a bad Long-Term investment with a projected -11.68% first-year return on $85,491 initial cash invested.
-11.68%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$2,201
Rent
-$832
Cashflow
Cash Flow
$2,201 income − $3,033 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,491
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,201
Total Expenses
$3,033
Mortgage P&I
95%
$2,089
Property Taxes
8%
$168
Home Insurance
7%
$144
HOA
3%
$60
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0