This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $87,129 initial cash invested.
-9.78%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$2,655
Rent
-$710
Cashflow
Cash Flow
$2,655 income − $3,365 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,129
Downpayment
20%
$82,980
Closing costs
1%
$4,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,655
Total Expenses
$3,365
Mortgage P&I
85%
$2,252
Property Taxes
9%
$240
Home Insurance
6%
$147
HOA
1%
$35
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0