This property looks like a bad Long-Term investment with a projected -3.66% first-year return on $85,134 initial cash invested.
-3.66%
Cash On Cash
6.23%
Cap Rate
0.96
DSCR
$3,242
Rent
-$260
Cashflow
Cash Flow
$3,242 income − $3,502 expenses = $260 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,134
Downpayment
20%
$81,080
Closing costs
1%
$4,054
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,242
Total Expenses
$3,502
Mortgage P&I
68%
$2,203
Property Taxes
9%
$294
Home Insurance
5%
$147
HOA
0%
$15
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0