This property looks like a bad Long-Term investment with a projected -12.62% first-year return on $87,129 initial cash invested.
-12.62%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$2,507
Rent
-$916
Cashflow
Cash Flow
$2,507 income − $3,423 expenses = $916 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,129
Downpayment
20%
$82,980
Closing costs
1%
$4,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,507
Total Expenses
$3,423
Mortgage P&I
89%
$2,241
Property Taxes
15%
$384
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0