This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $87,150 initial cash invested.
-11.37%
Cash On Cash
4.38%
Cap Rate
0.69
DSCR
$2,591
Rent
-$826
Cashflow
Cash Flow
$2,591 income − $3,417 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,591
Total Expenses
$3,417
Mortgage P&I
85%
$2,211
Property Taxes
15%
$387
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$155
Maintenance
5%
$130
Other
0%
$0