This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $85,218 initial cash invested.
-10.24%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$2,886
Rent
-$727
Cashflow
Cash Flow
$2,886 income − $3,613 expenses = $727 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,218
Downpayment
20%
$81,160
Closing costs
1%
$4,058
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,886
Total Expenses
$3,613
Mortgage P&I
77%
$2,236
Property Taxes
17%
$480
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0