This property looks like a bad Long-Term investment with a projected -11.82% first-year return on $84,903 initial cash invested.
-11.82%
Cash On Cash
3.99%
Cap Rate
0.66
DSCR
$2,600
Rent
-$836
Cashflow
Cash Flow
$2,600 income − $3,436 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,903
Downpayment
20%
$80,860
Closing costs
1%
$4,043
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,600
Total Expenses
$3,436
Mortgage P&I
79%
$2,051
Property Taxes
21%
$551
Home Insurance
6%
$158
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0