This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $87,423 initial cash invested.
-11.12%
Cash On Cash
4.57%
Cap Rate
0.7
DSCR
$2,545
Rent
-$810
Cashflow
Cash Flow
$2,545 income − $3,355 expenses = $810 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,423
Downpayment
20%
$83,260
Closing costs
1%
$4,163
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,545
Total Expenses
$3,355
Mortgage P&I
89%
$2,269
Property Taxes
11%
$276
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0