This property looks like a bad Long-Term investment with a projected -4.51% first-year return on $86,835 initial cash invested.
-4.51%
Cash On Cash
5.84%
Cap Rate
0.92
DSCR
$3,059
Rent
-$326
Cashflow
Cash Flow
$3,059 income − $3,385 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,835
Downpayment
20%
$82,700
Closing costs
1%
$4,135
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,059
Total Expenses
$3,385
Mortgage P&I
71%
$2,187
Property Taxes
8%
$255
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0