This property looks like a bad Long-Term investment with a projected -13.91% first-year return on $85,050 initial cash invested.
-13.91%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$2,363
Rent
-$986
Cashflow
Cash Flow
$2,363 income − $3,349 expenses = $986 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
$2,363
Total Expenses
$3,349
Mortgage P&I
93%
$2,191
Property Taxes
17%
$394
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0