This property looks like a bad Long-Term investment with a projected -12.51% first-year return on $87,675 initial cash invested.
-12.51%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$2,311
Rent
-$914
Cashflow
Cash Flow
$2,311 income − $3,225 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,675
Downpayment
20%
$83,500
Closing costs
1%
$4,175
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,311
Total Expenses
$3,225
Mortgage P&I
98%
$2,276
Property Taxes
9%
$198
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0