This property looks like a bad Long-Term investment with a projected -10.62% first-year return on $84,966 initial cash invested.
-10.62%
Cash On Cash
4.86%
Cap Rate
0.73
DSCR
$2,848
Rent
-$752
Cashflow
Cash Flow
$2,848 income − $3,600 expenses = $752 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,966
Downpayment
20%
$80,920
Closing costs
1%
$4,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,848
Total Expenses
$3,600
Mortgage P&I
79%
$2,248
Property Taxes
15%
$436
Home Insurance
6%
$166
HOA
0%
$10
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0