This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $86,877 initial cash invested.
-13.7%
Cash On Cash
3.99%
Cap Rate
0.62
DSCR
$2,842
Rent
-$992
Cashflow
Cash Flow
$2,842 income − $3,834 expenses = $992 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,877
Downpayment
20%
$82,740
Closing costs
1%
$4,137
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,842
Total Expenses
$3,834
Mortgage P&I
78%
$2,227
Property Taxes
25%
$721
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0