This property looks like a bad Long-Term investment with a projected -4.76% first-year return on $84,483 initial cash invested.
-4.76%
Cash On Cash
6.04%
Cap Rate
0.92
DSCR
$2,987
Rent
-$335
Cashflow
Cash Flow
$2,987 income − $3,322 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,483
Downpayment
20%
$80,460
Closing costs
1%
$4,023
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,987
Total Expenses
$3,322
Mortgage P&I
74%
$2,211
Property Taxes
7%
$195
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0