This property looks like a bad Long-Term investment with a projected -2.69% first-year return on $86,100 initial cash invested.
-2.69%
Cash On Cash
6.58%
Cap Rate
0.98
DSCR
$3,153
Rent
-$193
Cashflow
Cash Flow
$3,153 income − $3,346 expenses = $193 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,153
Total Expenses
$3,346
Mortgage P&I
72%
$2,284
Property Taxes
3%
$98
Home Insurance
5%
$144
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0