This property looks like a bad Long-Term investment with a projected -11.13% first-year return on $85,638 initial cash invested.
-11.13%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$2,234
Rent
-$794
Cashflow
Cash Flow
$2,234 income − $3,028 expenses = $794 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,638
Downpayment
20%
$81,560
Closing costs
1%
$4,078
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,234
Total Expenses
$3,028
Mortgage P&I
99%
$2,211
Property Taxes
4%
$88
Home Insurance
7%
$148
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0