This property looks like a bad Long-Term investment with a projected -7.46% first-year return on $84,735 initial cash invested.
-7.46%
Cash On Cash
5.41%
Cap Rate
0.84
DSCR
$3,632
Rent
-$527
Cashflow
Cash Flow
$3,632 income − $4,159 expenses = $527 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,735
Downpayment
20%
$80,700
Closing costs
1%
$4,035
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,632
Total Expenses
$4,159
Mortgage P&I
60%
$2,165
Property Taxes
25%
$890
Home Insurance
4%
$144
HOA
0%
$15
Property Management
10%
$363
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0