This property looks like a bad Long-Term investment with a projected -6.81% first-year return on $87,696 initial cash invested.
-6.81%
Cash On Cash
5.34%
Cap Rate
0.84
DSCR
$3,054
Rent
-$498
Cashflow
Cash Flow
$3,054 income − $3,552 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,696
Downpayment
20%
$83,520
Closing costs
1%
$4,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,054
Total Expenses
$3,552
Mortgage P&I
72%
$2,205
Property Taxes
11%
$338
Home Insurance
5%
$147
HOA
2%
$68
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0