This property looks like a bad Long-Term investment with a projected -10.62% first-year return on $86,100 initial cash invested.
-10.62%
Cash On Cash
4.33%
Cap Rate
0.7
DSCR
$2,400
Rent
-$762
Cashflow
Cash Flow
$2,400 income − $3,162 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,400
Total Expenses
$3,162
Mortgage P&I
88%
$2,121
Property Taxes
11%
$273
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0