This property looks like a bad Long-Term investment with a projected -9.15% first-year return on $85,764 initial cash invested.
-9.15%
Cash On Cash
4.96%
Cap Rate
0.76
DSCR
$2,409
Rent
-$654
Cashflow
Cash Flow
$2,409 income − $3,063 expenses = $654 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,409
Total Expenses
$3,063
Mortgage P&I
92%
$2,223
Property Taxes
2%
$58
Home Insurance
6%
$143
HOA
1%
$13
Property Management
10%
$241
CapEx
5%
$120
Vacancy
6%
$145
Maintenance
5%
$120
Other
0%
$0