This property looks like a bad Long-Term investment with a projected -10.59% first-year return on $85,785 initial cash invested.
-10.59%
Cash On Cash
4.33%
Cap Rate
0.7
DSCR
$2,209
Rent
-$757
Cashflow
Cash Flow
$2,209 income − $2,966 expenses = $757 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,785
Downpayment
20%
$81,700
Closing costs
1%
$4,085
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,209
Total Expenses
$2,966
Mortgage P&I
96%
$2,122
Property Taxes
5%
$120
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0