This property looks like a bad Long-Term investment with a projected -8.09% first-year return on $85,281 initial cash invested.
-8.09%
Cash On Cash
5.21%
Cap Rate
0.81
DSCR
$2,976
Rent
-$575
Cashflow
Cash Flow
$2,976 income − $3,551 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,281
Downpayment
20%
$81,220
Closing costs
1%
$4,061
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,976
Total Expenses
$3,551
Mortgage P&I
74%
$2,189
Property Taxes
13%
$381
Home Insurance
5%
$154
HOA
2%
$52
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0