This property looks like a bad Long-Term investment with a projected -13.36% first-year return on $87,024 initial cash invested.
-13.36%
Cash On Cash
3.58%
Cap Rate
0.59
DSCR
$2,179
Rent
-$969
Cashflow
Cash Flow
$2,179 income − $3,148 expenses = $969 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,024
Downpayment
20%
$82,880
Closing costs
1%
$4,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,179
Total Expenses
$3,148
Mortgage P&I
96%
$2,095
Property Taxes
16%
$341
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0