This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $85,701 initial cash invested.
-12.13%
Cash On Cash
3.89%
Cap Rate
0.63
DSCR
$2,103
Rent
-$866
Cashflow
Cash Flow
$2,103 income − $2,969 expenses = $866 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,701
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,103
Total Expenses
$2,969
Mortgage P&I
99%
$2,083
Property Taxes
9%
$196
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0