This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $87,948 initial cash invested.
-10.86%
Cash On Cash
4.25%
Cap Rate
0.69
DSCR
$2,342
Rent
-$796
Cashflow
Cash Flow
$2,342 income − $3,138 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,948
Downpayment
20%
$83,760
Closing costs
1%
$4,188
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,342
Total Expenses
$3,138
Mortgage P&I
92%
$2,163
Property Taxes
9%
$217
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0