This property looks like a bad Long-Term investment with a projected -9.23% first-year return on $85,722 initial cash invested.
-9.23%
Cash On Cash
4.54%
Cap Rate
0.74
DSCR
$2,534
Rent
-$659
Cashflow
Cash Flow
$2,534 income − $3,193 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,722
Downpayment
20%
$81,640
Closing costs
1%
$4,082
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,534
Total Expenses
$3,193
Mortgage P&I
82%
$2,077
Property Taxes
12%
$312
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0