This property looks like a bad Long-Term investment with a projected -1.15% first-year return on $86,667 initial cash invested.
-1.15%
Cash On Cash
6.74%
Cap Rate
1.05
DSCR
$3,857
Rent
-$83
Cashflow
Cash Flow
$3,857 income − $3,940 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,667
Downpayment
20%
$82,540
Closing costs
1%
$4,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,857
Total Expenses
$3,940
Mortgage P&I
57%
$2,207
Property Taxes
15%
$585
Home Insurance
4%
$145
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0