This property looks like a bad Long-Term investment with a projected -4.8% first-year return on $86,961 initial cash invested.
-4.8%
Cash On Cash
6.03%
Cap Rate
0.92
DSCR
$3,202
Rent
-$348
Cashflow
Cash Flow
$3,202 income − $3,550 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,961
Downpayment
20%
$82,820
Closing costs
1%
$4,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,202
Total Expenses
$3,550
Mortgage P&I
71%
$2,269
Property Taxes
10%
$309
Home Insurance
4%
$140
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0