This property looks like a bad Long-Term investment with a projected -10.47% first-year return on $87,696 initial cash invested.
-10.47%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$3,317
Rent
-$765
Cashflow
Cash Flow
$3,317 income − $4,082 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,696
Downpayment
20%
$83,520
Closing costs
1%
$4,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,317
Total Expenses
$4,082
Mortgage P&I
69%
$2,301
Property Taxes
23%
$771
Home Insurance
4%
$147
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0