This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $86,037 initial cash invested.
-10.73%
Cash On Cash
4.48%
Cap Rate
0.71
DSCR
$2,656
Rent
-$769
Cashflow
Cash Flow
$2,656 income − $3,425 expenses = $769 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,037
Downpayment
20%
$81,940
Closing costs
1%
$4,097
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,656
Total Expenses
$3,425
Mortgage P&I
82%
$2,167
Property Taxes
16%
$418
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0