This property looks like a bad Long-Term investment with a projected -13.56% first-year return on $87,864 initial cash invested.
-13.56%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$2,427
Rent
-$993
Cashflow
Cash Flow
$2,427 income − $3,420 expenses = $993 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,864
Downpayment
20%
$83,680
Closing costs
1%
$4,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,427
Total Expenses
$3,420
Mortgage P&I
95%
$2,306
Property Taxes
13%
$310
Home Insurance
7%
$166
HOA
0%
$7
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0