This property looks like a bad Long-Term investment with a projected -12.78% first-year return on $87,486 initial cash invested.
-12.78%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$2,443
Rent
-$932
Cashflow
Cash Flow
$2,443 income − $3,375 expenses = $932 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,486
Downpayment
20%
$83,320
Closing costs
1%
$4,166
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,443
Total Expenses
$3,375
Mortgage P&I
93%
$2,281
Property Taxes
13%
$314
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0