This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $86,520 initial cash invested.
-9.45%
Cash On Cash
4.86%
Cap Rate
0.75
DSCR
$2,582
Rent
-$681
Cashflow
Cash Flow
$2,582 income − $3,263 expenses = $681 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,520
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,582
Total Expenses
$3,263
Mortgage P&I
86%
$2,220
Property Taxes
8%
$214
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0