This property looks like a bad Long-Term investment with a projected -7.6% first-year return on $87,150 initial cash invested.
-7.6%
Cash On Cash
5.16%
Cap Rate
0.81
DSCR
$2,886
Rent
-$552
Cashflow
Cash Flow
$2,886 income − $3,438 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,886
Total Expenses
$3,438
Mortgage P&I
76%
$2,192
Property Taxes
12%
$351
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0