This property looks like a bad Long-Term investment with a projected -5.71% first-year return on $87,885 initial cash invested.
-5.71%
Cash On Cash
5.64%
Cap Rate
0.88
DSCR
$3,034
Rent
-$418
Cashflow
Cash Flow
$3,034 income − $3,452 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,885
Downpayment
20%
$83,700
Closing costs
1%
$4,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,034
Total Expenses
$3,452
Mortgage P&I
74%
$2,234
Property Taxes
9%
$270
Home Insurance
5%
$159
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0