This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $87,486 initial cash invested.
-8.04%
Cash On Cash
5.12%
Cap Rate
0.8
DSCR
$3,005
Rent
-$586
Cashflow
Cash Flow
$3,005 income − $3,591 expenses = $586 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,486
Downpayment
20%
$83,320
Closing costs
1%
$4,166
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,005
Total Expenses
$3,591
Mortgage P&I
74%
$2,215
Property Taxes
5%
$153
Home Insurance
5%
$144
HOA
10%
$299
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0