This property looks like a bad Long-Term investment with a projected -13.33% first-year return on $87,885 initial cash invested.
-13.33%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$2,073
Rent
-$976
Cashflow
Cash Flow
$2,073 income − $3,049 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,885
Downpayment
20%
$83,700
Closing costs
1%
$4,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,073
Total Expenses
$3,049
Mortgage P&I
109%
$2,255
Property Taxes
5%
$106
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0