This property looks like a bad Long-Term investment with a projected -11.89% first-year return on $85,701 initial cash invested.
-11.89%
Cash On Cash
3.96%
Cap Rate
0.65
DSCR
$2,205
Rent
-$849
Cashflow
Cash Flow
$2,205 income − $3,054 expenses = $849 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,701
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,205
Total Expenses
$3,054
Mortgage P&I
95%
$2,086
Property Taxes
11%
$233
Home Insurance
7%
$145
HOA
1%
$18
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0