This property looks like a bad Long-Term investment with a projected -12.94% first-year return on $87,990 initial cash invested.
-12.94%
Cash On Cash
4.39%
Cap Rate
0.65
DSCR
$2,659
Rent
-$949
Cashflow
Cash Flow
$2,659 income − $3,608 expenses = $949 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,990
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,659
Total Expenses
$3,608
Mortgage P&I
88%
$2,350
Property Taxes
16%
$417
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0