This property looks like a bad Long-Term investment with a projected -4.49% first-year return on $86,394 initial cash invested.
-4.49%
Cash On Cash
6.09%
Cap Rate
0.93
DSCR
$3,306
Rent
-$323
Cashflow
Cash Flow
$3,306 income − $3,629 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,394
Downpayment
20%
$82,280
Closing costs
1%
$4,114
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,306
Total Expenses
$3,629
Mortgage P&I
68%
$2,247
Property Taxes
11%
$378
Home Insurance
4%
$145
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0