This property looks like a bad Long-Term investment with a projected -13.3% first-year return on $87,255 initial cash invested.
-13.3%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$2,460
Rent
-$967
Cashflow
Cash Flow
$2,460 income − $3,427 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,255
Downpayment
20%
$83,100
Closing costs
1%
$4,155
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,460
Total Expenses
$3,427
Mortgage P&I
92%
$2,258
Property Taxes
15%
$380
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0