This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $86,331 initial cash invested.
-12.09%
Cash On Cash
4.19%
Cap Rate
0.66
DSCR
$2,644
Rent
-$870
Cashflow
Cash Flow
$2,644 income − $3,514 expenses = $870 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,331
Downpayment
20%
$82,220
Closing costs
1%
$4,111
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$3,514
Mortgage P&I
82%
$2,174
Property Taxes
19%
$504
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0