This property looks like a bad Long-Term investment with a projected -10.28% first-year return on $87,906 initial cash invested.
-10.28%
Cash On Cash
4.33%
Cap Rate
0.7
DSCR
$2,279
Rent
-$753
Cashflow
Cash Flow
$2,279 income − $3,032 expenses = $753 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,906
Downpayment
20%
$83,720
Closing costs
1%
$4,186
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,279
Total Expenses
$3,032
Mortgage P&I
94%
$2,150
Property Taxes
6%
$139
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0