This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $87,339 initial cash invested.
-13.34%
Cash On Cash
3.9%
Cap Rate
0.61
DSCR
$2,162
Rent
-$971
Cashflow
Cash Flow
$2,162 income − $3,133 expenses = $971 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,339
Downpayment
20%
$83,180
Closing costs
1%
$4,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,162
Total Expenses
$3,133
Mortgage P&I
102%
$2,213
Property Taxes
9%
$193
Home Insurance
7%
$157
HOA
0%
$8
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0