This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $86,814 initial cash invested.
-11.42%
Cash On Cash
4.18%
Cap Rate
0.67
DSCR
$2,369
Rent
-$826
Cashflow
Cash Flow
$2,369 income − $3,195 expenses = $826 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,814
Downpayment
20%
$82,680
Closing costs
1%
$4,134
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,369
Total Expenses
$3,195
Mortgage P&I
91%
$2,147
Property Taxes
12%
$284
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0