This property looks like a bad Long-Term investment with a projected -4.36% first-year return on $84,420 initial cash invested.
-4.36%
Cash On Cash
5.68%
Cap Rate
0.93
DSCR
$3,209
Rent
-$307
Cashflow
Cash Flow
$3,209 income − $3,516 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,420
Downpayment
20%
$80,400
Closing costs
1%
$4,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,209
Total Expenses
$3,516
Mortgage P&I
64%
$2,050
Property Taxes
15%
$492
Home Insurance
4%
$140
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0