This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $85,617 initial cash invested.
-11.16%
Cash On Cash
4.84%
Cap Rate
0.72
DSCR
$3,176
Rent
-$796
Cashflow
Cash Flow
$3,176 income − $3,972 expenses = $796 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,617
Downpayment
20%
$81,540
Closing costs
1%
$4,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,176
Total Expenses
$3,972
Mortgage P&I
72%
$2,280
Property Taxes
23%
$720
Home Insurance
5%
$145
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0