This property looks like a bad Long-Term investment with a projected -4.45% first-year return on $87,633 initial cash invested.
-4.45%
Cash On Cash
5.53%
Cap Rate
0.92
DSCR
$3,011
Rent
-$325
Cashflow
Cash Flow
$3,011 income − $3,336 expenses = $325 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,633
Downpayment
20%
$83,460
Closing costs
1%
$4,173
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,011
Total Expenses
$3,336
Mortgage P&I
70%
$2,098
Property Taxes
10%
$304
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0