This property looks like a bad Long-Term investment with a projected -12.38% first-year return on $86,058 initial cash invested.
-12.38%
Cash On Cash
4.56%
Cap Rate
0.67
DSCR
$2,629
Rent
-$888
Cashflow
Cash Flow
$2,629 income − $3,517 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,058
Downpayment
20%
$81,960
Closing costs
1%
$4,098
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,629
Total Expenses
$3,517
Mortgage P&I
88%
$2,315
Property Taxes
14%
$375
Home Insurance
5%
$144
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0