This property looks like a bad Long-Term investment with a projected -4.98% first-year return on $87,192 initial cash invested.
-4.98%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$3,494
Rent
-$362
Cashflow
Cash Flow
$3,494 income − $3,856 expenses = $362 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,192
Downpayment
20%
$83,040
Closing costs
1%
$4,152
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,494
Total Expenses
$3,856
Mortgage P&I
65%
$2,284
Property Taxes
15%
$514
Home Insurance
4%
$149
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0