This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $87,150 initial cash invested.
-11.87%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$2,404
Rent
-$862
Cashflow
Cash Flow
$2,404 income − $3,266 expenses = $862 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
$2,404
Total Expenses
$3,266
Mortgage P&I
93%
$2,239
Property Taxes
11%
$258
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0