This property looks like a bad Long-Term investment with a projected -11.41% first-year return on $85,260 initial cash invested.
-11.41%
Cash On Cash
4.63%
Cap Rate
0.69
DSCR
$2,315
Rent
-$811
Cashflow
Cash Flow
$2,315 income − $3,126 expenses = $811 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,260
Downpayment
20%
$81,200
Closing costs
1%
$4,060
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,315
Total Expenses
$3,126
Mortgage P&I
98%
$2,262
Property Taxes
5%
$116
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0