This property looks like a bad Long-Term investment with a projected -11.56% first-year return on $86,961 initial cash invested.
-11.56%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$2,492
Rent
-$838
Cashflow
Cash Flow
$2,492 income − $3,330 expenses = $838 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,961
Downpayment
20%
$82,820
Closing costs
1%
$4,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,492
Total Expenses
$3,330
Mortgage P&I
85%
$2,108
Property Taxes
17%
$426
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0