This property looks like a bad Long-Term investment with a projected -9.55% first-year return on $84,483 initial cash invested.
-9.55%
Cash On Cash
4.5%
Cap Rate
0.74
DSCR
$2,691
Rent
-$672
Cashflow
Cash Flow
$2,691 income − $3,363 expenses = $672 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,483
Downpayment
20%
$80,460
Closing costs
1%
$4,023
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,691
Total Expenses
$3,363
Mortgage P&I
76%
$2,045
Property Taxes
18%
$475
Home Insurance
5%
$143
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$161
Maintenance
5%
$135
Other
0%
$0