This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $85,722 initial cash invested.
-13.48%
Cash On Cash
4.18%
Cap Rate
0.63
DSCR
$2,381
Rent
-$963
Cashflow
Cash Flow
$2,381 income − $3,344 expenses = $963 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,722
Downpayment
20%
$81,640
Closing costs
1%
$4,082
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,381
Total Expenses
$3,344
Mortgage P&I
95%
$2,266
Property Taxes
13%
$312
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0