This property looks like a bad Long-Term investment with a projected -11.48% first-year return on $87,150 initial cash invested.
-11.48%
Cash On Cash
4.65%
Cap Rate
0.71
DSCR
$3,258
Rent
-$834
Cashflow
Cash Flow
$3,258 income − $4,092 expenses = $834 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,258
Total Expenses
$4,092
Mortgage P&I
70%
$2,279
Property Taxes
18%
$571
Home Insurance
4%
$145
HOA
8%
$250
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0