This property looks like a bad Long-Term investment with a projected -7.86% first-year return on $85,050 initial cash invested.
-7.86%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$2,695
Rent
-$557
Cashflow
Cash Flow
$2,695 income − $3,252 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,050
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,695
Total Expenses
$3,252
Mortgage P&I
82%
$2,218
Property Taxes
7%
$190
Home Insurance
5%
$142
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0