This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $85,113 initial cash invested.
-13.14%
Cash On Cash
3.66%
Cap Rate
0.6
DSCR
$2,274
Rent
-$932
Cashflow
Cash Flow
$2,274 income − $3,206 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,113
Downpayment
20%
$81,060
Closing costs
1%
$4,053
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,274
Total Expenses
$3,206
Mortgage P&I
90%
$2,053
Property Taxes
20%
$457
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0