This property looks like a bad Long-Term investment with a projected -9.58% first-year return on $85,470 initial cash invested.
-9.58%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$2,463
Rent
-$682
Cashflow
Cash Flow
$2,463 income − $3,145 expenses = $682 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,470
Downpayment
20%
$81,400
Closing costs
1%
$4,070
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,463
Total Expenses
$3,145
Mortgage P&I
90%
$2,221
Property Taxes
7%
$179
Home Insurance
4%
$105
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0