This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $85,785 initial cash invested.
-13.67%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$2,051
Rent
-$977
Cashflow
Cash Flow
$2,051 income − $3,028 expenses = $977 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,785
Downpayment
20%
$81,700
Closing costs
1%
$4,085
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,051
Total Expenses
$3,028
Mortgage P&I
109%
$2,237
Property Taxes
5%
$101
Home Insurance
7%
$146
HOA
0%
$10
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0