This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $87,906 initial cash invested.
-11.36%
Cash On Cash
4.27%
Cap Rate
0.68
DSCR
$2,716
Rent
-$832
Cashflow
Cash Flow
$2,716 income − $3,548 expenses = $832 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,906
Downpayment
20%
$83,720
Closing costs
1%
$4,186
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,716
Total Expenses
$3,548
Mortgage P&I
80%
$2,186
Property Taxes
3%
$74
Home Insurance
5%
$146
HOA
16%
$435
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0