This property looks like a bad Long-Term investment with a projected -8.13% first-year return on $85,050 initial cash invested.
-8.13%
Cash On Cash
5.24%
Cap Rate
0.8
DSCR
$2,911
Rent
-$576
Cashflow
Cash Flow
$2,911 income − $3,487 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,911
Total Expenses
$3,487
Mortgage P&I
76%
$2,198
Property Taxes
13%
$388
Home Insurance
5%
$143
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0