This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $87,591 initial cash invested.
-11.93%
Cash On Cash
4.45%
Cap Rate
0.67
DSCR
$2,343
Rent
-$871
Cashflow
Cash Flow
$2,343 income − $3,214 expenses = $871 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,591
Downpayment
20%
$83,420
Closing costs
1%
$4,171
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,343
Total Expenses
$3,214
Mortgage P&I
98%
$2,302
Property Taxes
8%
$187
Home Insurance
5%
$116
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0