This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $84,378 initial cash invested.
-7.05%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$3,043
Rent
-$496
Cashflow
Cash Flow
$3,043 income − $3,539 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,378
Downpayment
20%
$80,360
Closing costs
1%
$4,018
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,043
Total Expenses
$3,539
Mortgage P&I
72%
$2,189
Property Taxes
13%
$409
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0