This property looks like a bad Long-Term investment with a projected -7.77% first-year return on $85,575 initial cash invested.
-7.77%
Cash On Cash
5.14%
Cap Rate
0.81
DSCR
$2,686
Rent
-$554
Cashflow
Cash Flow
$2,686 income − $3,240 expenses = $554 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,575
Downpayment
20%
$81,500
Closing costs
1%
$4,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,686
Total Expenses
$3,240
Mortgage P&I
81%
$2,167
Property Taxes
8%
$209
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0