This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $87,150 initial cash invested.
-10.04%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$2,379
Rent
-$729
Cashflow
Cash Flow
$2,379 income − $3,108 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,379
Total Expenses
$3,108
Mortgage P&I
94%
$2,231
Property Taxes
5%
$113
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0