This property looks like a bad Long-Term investment with a projected -11.92% first-year return on $85,869 initial cash invested.
-11.92%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$2,564
Rent
-$853
Cashflow
Cash Flow
$2,564 income − $3,417 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,869
Downpayment
20%
$81,780
Closing costs
1%
$4,089
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,564
Total Expenses
$3,417
Mortgage P&I
87%
$2,222
Property Taxes
15%
$389
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0