This property looks like a bad Long-Term investment with a projected -6.94% first-year return on $86,310 initial cash invested.
-6.94%
Cash On Cash
5.12%
Cap Rate
0.83
DSCR
$2,615
Rent
-$499
Cashflow
Cash Flow
$2,615 income − $3,114 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,310
Downpayment
20%
$82,200
Closing costs
1%
$4,110
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,615
Total Expenses
$3,114
Mortgage P&I
81%
$2,123
Property Taxes
6%
$162
Home Insurance
6%
$148
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0