This property looks like a bad Long-Term investment with a projected -8.31% first-year return on $87,948 initial cash invested.
-8.31%
Cash On Cash
4.89%
Cap Rate
0.78
DSCR
$2,439
Rent
-$609
Cashflow
Cash Flow
$2,439 income − $3,048 expenses = $609 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,948
Downpayment
20%
$83,760
Closing costs
1%
$4,188
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,439
Total Expenses
$3,048
Mortgage P&I
90%
$2,195
Property Taxes
3%
$70
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0