This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $85,575 initial cash invested.
-12.66%
Cash On Cash
3.91%
Cap Rate
0.63
DSCR
$2,255
Rent
-$903
Cashflow
Cash Flow
$2,255 income − $3,158 expenses = $903 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,575
Downpayment
20%
$81,500
Closing costs
1%
$4,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,255
Total Expenses
$3,158
Mortgage P&I
94%
$2,117
Property Taxes
14%
$307
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0