This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $86,940 initial cash invested.
-12.95%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$2,509
Rent
-$938
Cashflow
Cash Flow
$2,509 income − $3,447 expenses = $938 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,940
Downpayment
20%
$82,800
Closing costs
1%
$4,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,509
Total Expenses
$3,447
Mortgage P&I
90%
$2,270
Property Taxes
15%
$380
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$151
Maintenance
5%
$125
Other
0%
$0