This property looks like a bad Long-Term investment with a projected -12.04% first-year return on $85,680 initial cash invested.
-12.04%
Cash On Cash
3.98%
Cap Rate
0.65
DSCR
$2,494
Rent
-$860
Cashflow
Cash Flow
$2,494 income − $3,354 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,680
Downpayment
20%
$81,600
Closing costs
1%
$4,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$3,354
Mortgage P&I
84%
$2,087
Property Taxes
19%
$483
Home Insurance
5%
$135
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0