This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $87,864 initial cash invested.
-13.48%
Cash On Cash
3.92%
Cap Rate
0.61
DSCR
$2,056
Rent
-$987
Cashflow
Cash Flow
$2,056 income − $3,043 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,864
Downpayment
20%
$83,680
Closing costs
1%
$4,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,056
Total Expenses
$3,043
Mortgage P&I
110%
$2,252
Property Taxes
5%
$107
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0