This property looks like a bad Long-Term investment with a projected -13.69% first-year return on $85,491 initial cash invested.
-13.69%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$2,367
Rent
-$975
Cashflow
Cash Flow
$2,367 income − $3,342 expenses = $975 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,491
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,367
Total Expenses
$3,342
Mortgage P&I
93%
$2,204
Property Taxes
16%
$381
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0