This property looks like a bad Long-Term investment with a projected -6.37% first-year return on $87,990 initial cash invested.
-6.37%
Cash On Cash
5.44%
Cap Rate
0.85
DSCR
$2,856
Rent
-$467
Cashflow
Cash Flow
$2,856 income − $3,323 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,990
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,856
Total Expenses
$3,323
Mortgage P&I
78%
$2,222
Property Taxes
7%
$211
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0