This property looks like a bad Long-Term investment with a projected -2.02% first-year return on $86,541 initial cash invested.
-2.02%
Cash On Cash
6.31%
Cap Rate
1.01
DSCR
$3,428
Rent
-$146
Cashflow
Cash Flow
$3,428 income − $3,574 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,541
Downpayment
20%
$82,420
Closing costs
1%
$4,121
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,428
Total Expenses
$3,574
Mortgage P&I
62%
$2,142
Property Taxes
12%
$396
Home Insurance
4%
$145
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$171
Vacancy
6%
$206
Maintenance
5%
$171
Other
0%
$0