This property looks like a bad Long-Term investment with a projected -12.04% first-year return on $84,315 initial cash invested.
-12.04%
Cash On Cash
4.03%
Cap Rate
0.65
DSCR
$2,207
Rent
-$846
Cashflow
Cash Flow
$2,207 income − $3,053 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,315
Downpayment
20%
$80,300
Closing costs
1%
$4,015
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,207
Total Expenses
$3,053
Mortgage P&I
94%
$2,083
Property Taxes
10%
$224
Home Insurance
8%
$173
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0