This property looks like a bad Long-Term investment with a projected -11.81% first-year return on $86,142 initial cash invested.
-11.81%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$2,443
Rent
-$848
Cashflow
Cash Flow
$2,443 income − $3,291 expenses = $848 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,142
Downpayment
20%
$82,040
Closing costs
1%
$4,102
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,443
Total Expenses
$3,291
Mortgage P&I
92%
$2,239
Property Taxes
11%
$270
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0