This property looks like a bad Long-Term investment with a projected -11.21% first-year return on $87,591 initial cash invested.
-11.21%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,597
Rent
-$818
Cashflow
Cash Flow
$2,597 income − $3,415 expenses = $818 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,591
Downpayment
20%
$83,420
Closing costs
1%
$4,171
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,597
Total Expenses
$3,415
Mortgage P&I
88%
$2,276
Property Taxes
10%
$255
Home Insurance
7%
$184
HOA
1%
$24
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0