This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $85,113 initial cash invested.
-12.8%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$2,170
Rent
-$908
Cashflow
Cash Flow
$2,170 income − $3,078 expenses = $908 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,113
Downpayment
20%
$81,060
Closing costs
1%
$4,053
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,170
Total Expenses
$3,078
Mortgage P&I
100%
$2,176
Property Taxes
9%
$199
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0