This property looks like a bad Long-Term investment with a projected -8.84% first-year return on $85,764 initial cash invested.
-8.84%
Cash On Cash
4.85%
Cap Rate
0.77
DSCR
$2,769
Rent
-$632
Cashflow
Cash Flow
$2,769 income − $3,401 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,764
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,769
Total Expenses
$3,401
Mortgage P&I
78%
$2,146
Property Taxes
7%
$204
Home Insurance
12%
$332
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0