This property looks like a bad Long-Term investment with a projected -6.29% first-year return on $87,150 initial cash invested.
-6.29%
Cash On Cash
5.71%
Cap Rate
0.87
DSCR
$2,996
Rent
-$457
Cashflow
Cash Flow
$2,996 income − $3,453 expenses = $457 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$3,453
Mortgage P&I
76%
$2,283
Property Taxes
8%
$245
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0