This property looks like a bad Long-Term investment with a projected -12.16% first-year return on $86,478 initial cash invested.
-12.16%
Cash On Cash
3.96%
Cap Rate
0.64
DSCR
$2,060
Rent
-$876
Cashflow
Cash Flow
$2,060 income − $2,936 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,478
Downpayment
20%
$82,360
Closing costs
1%
$4,118
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,936
Mortgage P&I
104%
$2,133
Property Taxes
6%
$118
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0