This property looks like a bad Long-Term investment with a projected -9.08% first-year return on $88,053 initial cash invested.
-9.08%
Cash On Cash
4.58%
Cap Rate
0.75
DSCR
$2,392
Rent
-$666
Cashflow
Cash Flow
$2,392 income − $3,058 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,053
Downpayment
20%
$83,860
Closing costs
1%
$4,193
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,392
Total Expenses
$3,058
Mortgage P&I
90%
$2,147
Property Taxes
6%
$138
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0