This property looks like a bad Long-Term investment with a projected -11.24% first-year return on $87,633 initial cash invested.
-11.24%
Cash On Cash
4.55%
Cap Rate
0.69
DSCR
$2,427
Rent
-$821
Cashflow
Cash Flow
$2,427 income − $3,248 expenses = $821 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,633
Downpayment
20%
$83,460
Closing costs
1%
$4,173
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,427
Total Expenses
$3,248
Mortgage P&I
94%
$2,282
Property Taxes
8%
$186
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0