This property looks like a bad Long-Term investment with a projected -10.93% first-year return on $87,864 initial cash invested.
-10.93%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$2,396
Rent
-$800
Cashflow
Cash Flow
$2,396 income − $3,196 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,864
Downpayment
20%
$83,680
Closing costs
1%
$4,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,396
Total Expenses
$3,196
Mortgage P&I
95%
$2,271
Property Taxes
6%
$154
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0