This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $87,150 initial cash invested.
-11.41%
Cash On Cash
3.95%
Cap Rate
0.66
DSCR
$2,341
Rent
-$829
Cashflow
Cash Flow
$2,341 income − $3,170 expenses = $829 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,341
Total Expenses
$3,170
Mortgage P&I
89%
$2,079
Property Taxes
14%
$338
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0