This property looks like a bad Long-Term investment with a projected -11.31% first-year return on $87,927 initial cash invested.
-11.31%
Cash On Cash
4.4%
Cap Rate
0.69
DSCR
$2,750
Rent
-$829
Cashflow
Cash Flow
$2,750 income − $3,579 expenses = $829 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,927
Downpayment
20%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,750
Total Expenses
$3,579
Mortgage P&I
81%
$2,225
Property Taxes
18%
$489
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0