This property looks like a bad Long-Term investment with a projected -9.07% first-year return on $85,617 initial cash invested.
-9.07%
Cash On Cash
5.09%
Cap Rate
0.77
DSCR
$2,882
Rent
-$647
Cashflow
Cash Flow
$2,882 income − $3,529 expenses = $647 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,617
Downpayment
20%
$81,540
Closing costs
1%
$4,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,882
Total Expenses
$3,529
Mortgage P&I
77%
$2,233
Property Taxes
14%
$407
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0