This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $88,074 initial cash invested.
-7.22%
Cash On Cash
5.12%
Cap Rate
0.83
DSCR
$3,044
Rent
-$530
Cashflow
Cash Flow
$3,044 income − $3,574 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,074
Downpayment
20%
$83,880
Closing costs
1%
$4,194
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,044
Total Expenses
$3,574
Mortgage P&I
71%
$2,166
Property Taxes
15%
$468
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0