This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $87,717 initial cash invested.
-11.6%
Cash On Cash
4.73%
Cap Rate
0.7
DSCR
$2,810
Rent
-$848
Cashflow
Cash Flow
$2,810 income − $3,658 expenses = $848 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,717
Downpayment
20%
$83,540
Closing costs
1%
$4,177
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,810
Total Expenses
$3,658
Mortgage P&I
84%
$2,355
Property Taxes
15%
$433
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0