This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $87,612 initial cash invested.
-12.53%
Cash On Cash
4.32%
Cap Rate
0.66
DSCR
$2,600
Rent
-$915
Cashflow
Cash Flow
$2,600 income − $3,515 expenses = $915 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,612
Downpayment
20%
$83,440
Closing costs
1%
$4,172
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,600
Total Expenses
$3,515
Mortgage P&I
88%
$2,287
Property Taxes
16%
$405
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0