This property looks like a bad Long-Term investment with a projected -7.91% first-year return on $87,801 initial cash invested.
-7.91%
Cash On Cash
5.31%
Cap Rate
0.81
DSCR
$2,968
Rent
-$579
Cashflow
Cash Flow
$2,968 income − $3,547 expenses = $579 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,801
Downpayment
20%
$83,620
Closing costs
1%
$4,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,968
Total Expenses
$3,547
Mortgage P&I
77%
$2,281
Property Taxes
12%
$348
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0