This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $84,840 initial cash invested.
-12.55%
Cash On Cash
4.36%
Cap Rate
0.66
DSCR
$2,812
Rent
-$887
Cashflow
Cash Flow
$2,812 income − $3,699 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,840
Downpayment
20%
$80,800
Closing costs
1%
$4,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,812
Total Expenses
$3,699
Mortgage P&I
79%
$2,215
Property Taxes
22%
$610
Home Insurance
5%
$142
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0