This property looks like a bad Long-Term investment with a projected -10.97% first-year return on $85,659 initial cash invested.
-10.97%
Cash On Cash
4.12%
Cap Rate
0.67
DSCR
$2,169
Rent
-$783
Cashflow
Cash Flow
$2,169 income − $2,952 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,659
Downpayment
20%
$81,580
Closing costs
1%
$4,079
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,169
Total Expenses
$2,952
Mortgage P&I
96%
$2,074
Property Taxes
6%
$131
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0