This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $85,218 initial cash invested.
-11.94%
Cash On Cash
4.21%
Cap Rate
0.66
DSCR
$2,527
Rent
-$848
Cashflow
Cash Flow
$2,527 income − $3,375 expenses = $848 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,218
Downpayment
20%
$81,160
Closing costs
1%
$4,058
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,527
Total Expenses
$3,375
Mortgage P&I
85%
$2,144
Property Taxes
17%
$430
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0