This property looks like a bad Long-Term investment with a projected -5.24% first-year return on $87,759 initial cash invested.
-5.24%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$3,037
Rent
-$383
Cashflow
Cash Flow
$3,037 income − $3,420 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,759
Downpayment
20%
$83,580
Closing costs
1%
$4,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,037
Total Expenses
$3,420
Mortgage P&I
76%
$2,305
Property Taxes
6%
$176
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0