This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $84,987 initial cash invested.
-14.06%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$2,446
Rent
-$996
Cashflow
Cash Flow
$2,446 income − $3,442 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,987
Downpayment
20%
$80,940
Closing costs
1%
$4,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,446
Total Expenses
$3,442
Mortgage P&I
91%
$2,216
Property Taxes
17%
$406
Home Insurance
6%
$144
HOA
2%
$40
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0