This property looks like a bad Long-Term investment with a projected -13.59% first-year return on $85,680 initial cash invested.
-13.59%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$2,112
Rent
-$970
Cashflow
Cash Flow
$2,112 income − $3,082 expenses = $970 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,680
Downpayment
20%
$81,600
Closing costs
1%
$4,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,112
Total Expenses
$3,082
Mortgage P&I
99%
$2,090
Property Taxes
14%
$297
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0