This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $87,129 initial cash invested.
-7.15%
Cash On Cash
5.25%
Cap Rate
0.83
DSCR
$2,841
Rent
-$519
Cashflow
Cash Flow
$2,841 income − $3,360 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,129
Downpayment
20%
$82,980
Closing costs
1%
$4,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,841
Total Expenses
$3,360
Mortgage P&I
77%
$2,192
Property Taxes
10%
$285
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0