This property looks like a bad Long-Term investment with a projected -7.66% first-year return on $85,575 initial cash invested.
-7.66%
Cash On Cash
5.41%
Cap Rate
0.82
DSCR
$2,874
Rent
-$546
Cashflow
Cash Flow
$2,874 income − $3,420 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,575
Downpayment
20%
$81,500
Closing costs
1%
$4,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,874
Total Expenses
$3,420
Mortgage P&I
78%
$2,239
Property Taxes
10%
$290
Home Insurance
5%
$144
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0