This property looks like a bad Long-Term investment with a projected -12.42% first-year return on $87,465 initial cash invested.
-12.42%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$2,324
Rent
-$905
Cashflow
Cash Flow
$2,324 income − $3,229 expenses = $905 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,465
Downpayment
20%
$83,300
Closing costs
1%
$4,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,324
Total Expenses
$3,229
Mortgage P&I
98%
$2,285
Property Taxes
8%
$192
Home Insurance
6%
$147
HOA
0%
$2
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0