This property looks like a bad Long-Term investment with a projected -13.56% first-year return on $85,050 initial cash invested.
-13.56%
Cash On Cash
4.15%
Cap Rate
0.62
DSCR
$2,086
Rent
-$961
Cashflow
Cash Flow
$2,086 income − $3,047 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,050
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,086
Total Expenses
$3,047
Mortgage P&I
108%
$2,256
Property Taxes
5%
$107
Home Insurance
7%
$142
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0