This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $85,764 initial cash invested.
-9.74%
Cash On Cash
4.78%
Cap Rate
0.74
DSCR
$2,508
Rent
-$696
Cashflow
Cash Flow
$2,508 income − $3,204 expenses = $696 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,764
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,508
Total Expenses
$3,204
Mortgage P&I
88%
$2,197
Property Taxes
8%
$212
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0