This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $86,604 initial cash invested.
-9.74%
Cash On Cash
4.59%
Cap Rate
0.74
DSCR
$2,745
Rent
-$703
Cashflow
Cash Flow
$2,745 income − $3,448 expenses = $703 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,604
Downpayment
20%
$82,480
Closing costs
1%
$4,124
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,745
Total Expenses
$3,448
Mortgage P&I
78%
$2,143
Property Taxes
16%
$445
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0