This property looks like a bad Long-Term investment with a projected -12.03% first-year return on $86,100 initial cash invested.
-12.03%
Cash On Cash
4.17%
Cap Rate
0.65
DSCR
$2,145
Rent
-$863
Cashflow
Cash Flow
$2,145 income − $3,008 expenses = $863 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,145
Total Expenses
$3,008
Mortgage P&I
102%
$2,182
Property Taxes
6%
$125
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0