This property looks like a bad Long-Term investment with a projected -4.75% first-year return on $85,638 initial cash invested.
-4.75%
Cash On Cash
6.3%
Cap Rate
0.92
DSCR
$3,300
Rent
-$339
Cashflow
Cash Flow
$3,300 income − $3,639 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,638
Downpayment
20%
$81,560
Closing costs
1%
$4,078
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,300
Total Expenses
$3,639
Mortgage P&I
70%
$2,314
Property Taxes
6%
$187
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0