This property looks like a bad Long-Term investment with a projected -2.59% first-year return on $87,927 initial cash invested.
-2.59%
Cash On Cash
6.05%
Cap Rate
0.99
DSCR
$3,211
Rent
-$190
Cashflow
Cash Flow
$3,211 income − $3,401 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,927
Downpayment
20%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,211
Total Expenses
$3,401
Mortgage P&I
67%
$2,141
Property Taxes
9%
$274
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0