This property looks like a bad Long-Term investment with a projected -11.53% first-year return on $84,483 initial cash invested.
-11.53%
Cash On Cash
4.14%
Cap Rate
0.67
DSCR
$2,826
Rent
-$812
Cashflow
Cash Flow
$2,826 income − $3,638 expenses = $812 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,483
Downpayment
20%
$80,460
Closing costs
1%
$4,023
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,826
Total Expenses
$3,638
Mortgage P&I
73%
$2,060
Property Taxes
20%
$578
Home Insurance
5%
$140
HOA
4%
$125
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0