This property looks like a bad Long-Term investment with a projected -12.78% first-year return on $86,982 initial cash invested.
-12.78%
Cash On Cash
4.32%
Cap Rate
0.65
DSCR
$2,785
Rent
-$926
Cashflow
Cash Flow
$2,785 income − $3,711 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,982
Downpayment
20%
$82,840
Closing costs
1%
$4,142
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,785
Total Expenses
$3,711
Mortgage P&I
82%
$2,279
Property Taxes
19%
$540
Home Insurance
5%
$149
HOA
1%
$20
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0