This property looks like a bad Long-Term investment with a projected -12.06% first-year return on $85,764 initial cash invested.
-12.06%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$3,216
Rent
-$862
Cashflow
Cash Flow
$3,216 income − $4,078 expenses = $862 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,764
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,216
Total Expenses
$4,078
Mortgage P&I
70%
$2,251
Property Taxes
25%
$815
Home Insurance
5%
$152
HOA
1%
$23
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0