This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $87,150 initial cash invested.
-12.09%
Cash On Cash
4.01%
Cap Rate
0.65
DSCR
$2,876
Rent
-$878
Cashflow
Cash Flow
$2,876 income − $3,754 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,876
Total Expenses
$3,754
Mortgage P&I
74%
$2,121
Property Taxes
26%
$739
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0