This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $87,402 initial cash invested.
-11.88%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$2,711
Rent
-$865
Cashflow
Cash Flow
$2,711 income − $3,576 expenses = $865 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,402
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,711
Total Expenses
$3,576
Mortgage P&I
83%
$2,237
Property Taxes
17%
$467
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0