This property looks like a bad Long-Term investment with a projected -7.4% first-year return on $86,961 initial cash invested.
-7.4%
Cash On Cash
5.11%
Cap Rate
0.83
DSCR
$3,235
Rent
-$536
Cashflow
Cash Flow
$3,235 income − $3,771 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,961
Downpayment
20%
$82,820
Closing costs
1%
$4,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,235
Total Expenses
$3,771
Mortgage P&I
66%
$2,139
Property Taxes
20%
$643
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0