This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $87,402 initial cash invested.
-6.8%
Cash On Cash
5.6%
Cap Rate
0.85
DSCR
$2,807
Rent
-$495
Cashflow
Cash Flow
$2,807 income − $3,302 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,402
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,807
Total Expenses
$3,302
Mortgage P&I
82%
$2,296
Property Taxes
5%
$127
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0