This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $84,693 initial cash invested.
-11.41%
Cash On Cash
4.18%
Cap Rate
0.67
DSCR
$2,549
Rent
-$805
Cashflow
Cash Flow
$2,549 income − $3,354 expenses = $805 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,693
Downpayment
20%
$80,660
Closing costs
1%
$4,033
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,549
Total Expenses
$3,354
Mortgage P&I
82%
$2,083
Property Taxes
18%
$460
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0