This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $86,709 initial cash invested.
-11.25%
Cash On Cash
4.39%
Cap Rate
0.69
DSCR
$2,424
Rent
-$813
Cashflow
Cash Flow
$2,424 income − $3,237 expenses = $813 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,709
Downpayment
20%
$82,580
Closing costs
1%
$4,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,424
Total Expenses
$3,237
Mortgage P&I
91%
$2,204
Property Taxes
11%
$255
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0