This property looks like a bad Long-Term investment with a projected -11.06% first-year return on $85,638 initial cash invested.
-11.06%
Cash On Cash
4.66%
Cap Rate
0.7
DSCR
$2,335
Rent
-$789
Cashflow
Cash Flow
$2,335 income − $3,124 expenses = $789 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,638
Downpayment
20%
$81,560
Closing costs
1%
$4,078
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,335
Total Expenses
$3,124
Mortgage P&I
97%
$2,255
Property Taxes
5%
$111
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0