This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $88,011 initial cash invested.
-13.31%
Cash On Cash
3.84%
Cap Rate
0.61
DSCR
$2,562
Rent
-$976
Cashflow
Cash Flow
$2,562 income − $3,538 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,011
Downpayment
20%
$83,820
Closing costs
1%
$4,191
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,562
Total Expenses
$3,538
Mortgage P&I
85%
$2,188
Property Taxes
21%
$534
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0