This property looks like a bad Long-Term investment with a projected -12.71% first-year return on $85,701 initial cash invested.
-12.71%
Cash On Cash
4.18%
Cap Rate
0.64
DSCR
$2,213
Rent
-$908
Cashflow
Cash Flow
$2,213 income − $3,121 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,701
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,213
Total Expenses
$3,121
Mortgage P&I
100%
$2,218
Property Taxes
9%
$191
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0