This property looks like a bad Long-Term investment with a projected -5.79% first-year return on $85,596 initial cash invested.
-5.79%
Cash On Cash
5.64%
Cap Rate
0.88
DSCR
$2,831
Rent
-$413
Cashflow
Cash Flow
$2,831 income − $3,244 expenses = $413 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,596
Downpayment
20%
$81,520
Closing costs
1%
$4,076
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,831
Total Expenses
$3,244
Mortgage P&I
77%
$2,188
Property Taxes
6%
$174
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0