This property looks like a bad Long-Term investment with a projected -11.54% first-year return on $87,885 initial cash invested.
-11.54%
Cash On Cash
4.42%
Cap Rate
0.69
DSCR
$2,829
Rent
-$845
Cashflow
Cash Flow
$2,829 income − $3,674 expenses = $845 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,885
Downpayment
20%
$83,700
Closing costs
1%
$4,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,829
Total Expenses
$3,674
Mortgage P&I
79%
$2,245
Property Taxes
19%
$545
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0