This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $85,785 initial cash invested.
-10.69%
Cash On Cash
4.69%
Cap Rate
0.72
DSCR
$2,667
Rent
-$764
Cashflow
Cash Flow
$2,667 income − $3,431 expenses = $764 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,785
Downpayment
20%
$81,700
Closing costs
1%
$4,085
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,667
Total Expenses
$3,431
Mortgage P&I
84%
$2,227
Property Taxes
12%
$322
Home Insurance
5%
$144
HOA
2%
$45
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0