This property looks like a bad Long-Term investment with a projected -9.46% first-year return on $85,155 initial cash invested.
-9.46%
Cash On Cash
4.73%
Cap Rate
0.75
DSCR
$2,608
Rent
-$671
Cashflow
Cash Flow
$2,608 income − $3,279 expenses = $671 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,155
Downpayment
20%
$81,100
Closing costs
1%
$4,055
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,608
Total Expenses
$3,279
Mortgage P&I
82%
$2,141
Property Taxes
12%
$312
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0