This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $85,533 initial cash invested.
-7.03%
Cash On Cash
5.37%
Cap Rate
0.84
DSCR
$3,167
Rent
-$501
Cashflow
Cash Flow
$3,167 income − $3,668 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,533
Downpayment
20%
$81,460
Closing costs
1%
$4,073
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,167
Total Expenses
$3,668
Mortgage P&I
68%
$2,166
Property Taxes
17%
$534
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0