This property looks like a bad Long-Term investment with a projected -10.28% first-year return on $86,184 initial cash invested.
-10.28%
Cash On Cash
4.76%
Cap Rate
0.73
DSCR
$2,750
Rent
-$738
Cashflow
Cash Flow
$2,750 income − $3,488 expenses = $738 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,184
Downpayment
20%
$82,080
Closing costs
1%
$4,104
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,750
Total Expenses
$3,488
Mortgage P&I
81%
$2,229
Property Taxes
14%
$396
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0