This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $87,192 initial cash invested.
-11.74%
Cash On Cash
4.58%
Cap Rate
0.69
DSCR
$2,781
Rent
-$853
Cashflow
Cash Flow
$2,781 income − $3,634 expenses = $853 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,192
Downpayment
20%
$83,040
Closing costs
1%
$4,152
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,781
Total Expenses
$3,634
Mortgage P&I
83%
$2,299
Property Taxes
17%
$467
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0