This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $86,646 initial cash invested.
-12.23%
Cash On Cash
4.21%
Cap Rate
0.66
DSCR
$2,438
Rent
-$883
Cashflow
Cash Flow
$2,438 income − $3,321 expenses = $883 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,646
Downpayment
20%
$82,520
Closing costs
1%
$4,126
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,438
Total Expenses
$3,321
Mortgage P&I
91%
$2,207
Property Taxes
10%
$246
Home Insurance
6%
$145
HOA
4%
$89
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0