This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $87,318 initial cash invested.
-10.65%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$2,549
Rent
-$775
Cashflow
Cash Flow
$2,549 income − $3,324 expenses = $775 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,318
Downpayment
20%
$83,160
Closing costs
1%
$4,158
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,549
Total Expenses
$3,324
Mortgage P&I
87%
$2,220
Property Taxes
10%
$267
Home Insurance
6%
$149
HOA
1%
$26
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0