This property looks like a bad Long-Term investment with a projected -12.69% first-year return on $85,407 initial cash invested.
-12.69%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$2,444
Rent
-$903
Cashflow
Cash Flow
$2,444 income − $3,347 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,407
Downpayment
20%
$81,340
Closing costs
1%
$4,067
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,444
Total Expenses
$3,347
Mortgage P&I
90%
$2,203
Property Taxes
15%
$365
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0