This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $84,798 initial cash invested.
-13.88%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$1,952
Rent
-$981
Cashflow
Cash Flow
$1,952 income − $2,933 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,798
Downpayment
20%
$80,760
Closing costs
1%
$4,038
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,952
Total Expenses
$2,933
Mortgage P&I
112%
$2,195
Property Taxes
4%
$83
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0