This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $87,507 initial cash invested.
-10.24%
Cash On Cash
4.72%
Cap Rate
0.73
DSCR
$2,822
Rent
-$747
Cashflow
Cash Flow
$2,822 income − $3,569 expenses = $747 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,507
Downpayment
20%
$83,340
Closing costs
1%
$4,167
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,822
Total Expenses
$3,569
Mortgage P&I
80%
$2,246
Property Taxes
16%
$438
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0