This property looks like a bad Long-Term investment with a projected -12.15% first-year return on $84,966 initial cash invested.
-12.15%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$2,619
Rent
-$860
Cashflow
Cash Flow
$2,619 income − $3,479 expenses = $860 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,966
Downpayment
20%
$80,920
Closing costs
1%
$4,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,619
Total Expenses
$3,479
Mortgage P&I
84%
$2,210
Property Taxes
16%
$422
Home Insurance
5%
$143
HOA
1%
$23
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0