This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $86,310 initial cash invested.
-8.62%
Cash On Cash
4.74%
Cap Rate
0.77
DSCR
$2,900
Rent
-$620
Cashflow
Cash Flow
$2,900 income − $3,520 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,310
Downpayment
20%
$82,200
Closing costs
1%
$4,110
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,900
Total Expenses
$3,520
Mortgage P&I
72%
$2,099
Property Taxes
17%
$496
Home Insurance
6%
$171
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0