This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $85,806 initial cash invested.
-13.9%
Cash On Cash
3.78%
Cap Rate
0.59
DSCR
$2,050
Rent
-$994
Cashflow
Cash Flow
$2,050 income − $3,044 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,806
Downpayment
20%
$81,720
Closing costs
1%
$4,086
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$3,044
Mortgage P&I
106%
$2,178
Property Taxes
9%
$185
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0