This property looks like a bad Long-Term investment with a projected -10.17% first-year return on $85,890 initial cash invested.
-10.17%
Cash On Cash
4.6%
Cap Rate
0.72
DSCR
$2,659
Rent
-$728
Cashflow
Cash Flow
$2,659 income − $3,387 expenses = $728 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,890
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,659
Total Expenses
$3,387
Mortgage P&I
81%
$2,163
Property Taxes
15%
$392
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0