This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $87,360 initial cash invested.
-12.32%
Cash On Cash
4.23%
Cap Rate
0.66
DSCR
$2,525
Rent
-$897
Cashflow
Cash Flow
$2,525 income − $3,422 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,360
Downpayment
20%
$83,200
Closing costs
1%
$4,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,525
Total Expenses
$3,422
Mortgage P&I
89%
$2,236
Property Taxes
15%
$386
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0