This property looks like a bad Long-Term investment with a projected -5.96% first-year return on $84,630 initial cash invested.
-5.96%
Cash On Cash
5.3%
Cap Rate
0.86
DSCR
$2,755
Rent
-$420
Cashflow
Cash Flow
$2,755 income − $3,175 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,630
Downpayment
20%
$80,600
Closing costs
1%
$4,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,755
Total Expenses
$3,175
Mortgage P&I
75%
$2,062
Property Taxes
10%
$265
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0