This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $86,100 initial cash invested.
-11.8%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$2,208
Rent
-$847
Cashflow
Cash Flow
$2,208 income − $3,055 expenses = $847 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$3,055
Mortgage P&I
102%
$2,242
Property Taxes
4%
$91
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0