This property looks like a bad Long-Term investment with a projected -10.68% first-year return on $86,079 initial cash invested.
-10.68%
Cash On Cash
4.36%
Cap Rate
0.7
DSCR
$2,493
Rent
-$766
Cashflow
Cash Flow
$2,493 income − $3,259 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,079
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,493
Total Expenses
$3,259
Mortgage P&I
85%
$2,129
Property Taxes
13%
$334
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0