This property looks like a bad Long-Term investment with a projected -9.17% first-year return on $86,604 initial cash invested.
-9.17%
Cash On Cash
5.42%
Cap Rate
0.78
DSCR
$2,948
Rent
-$662
Cashflow
Cash Flow
$2,948 income − $3,610 expenses = $662 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,604
Downpayment
20%
$82,480
Closing costs
1%
$4,124
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,948
Total Expenses
$3,610
Mortgage P&I
81%
$2,376
Property Taxes
10%
$296
Home Insurance
5%
$147
HOA
1%
$25
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0