This property looks like a bad Long-Term investment with a projected -12.29% first-year return on $84,861 initial cash invested.
-12.29%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$2,201
Rent
-$869
Cashflow
Cash Flow
$2,201 income − $3,070 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,861
Downpayment
20%
$80,820
Closing costs
1%
$4,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,201
Total Expenses
$3,070
Mortgage P&I
99%
$2,189
Property Taxes
7%
$164
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0