This property looks like a bad Long-Term investment with a projected -12.93% first-year return on $84,798 initial cash invested.
-12.93%
Cash On Cash
4.18%
Cap Rate
0.63
DSCR
$2,089
Rent
-$914
Cashflow
Cash Flow
$2,089 income − $3,003 expenses = $914 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,798
Downpayment
20%
$80,760
Closing costs
1%
$4,038
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,089
Total Expenses
$3,003
Mortgage P&I
106%
$2,215
Property Taxes
5%
$105
Home Insurance
7%
$141
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0