This property looks like a bad Long-Term investment with a projected -9.94% first-year return on $85,848 initial cash invested.
-9.94%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$2,683
Rent
-$711
Cashflow
Cash Flow
$2,683 income − $3,394 expenses = $711 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,848
Downpayment
20%
$81,760
Closing costs
1%
$4,088
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,683
Total Expenses
$3,394
Mortgage P&I
82%
$2,211
Property Taxes
13%
$346
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0