This property looks like a bad Long-Term investment with a projected -11.66% first-year return on $85,554 initial cash invested.
-11.66%
Cash On Cash
4.46%
Cap Rate
0.68
DSCR
$2,616
Rent
-$831
Cashflow
Cash Flow
$2,616 income − $3,447 expenses = $831 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,554
Downpayment
20%
$81,480
Closing costs
1%
$4,074
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,616
Total Expenses
$3,447
Mortgage P&I
85%
$2,215
Property Taxes
16%
$411
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0