This property looks like a bad Long-Term investment with a projected -10.43% first-year return on $85,050 initial cash invested.
-10.43%
Cash On Cash
4.65%
Cap Rate
0.72
DSCR
$2,589
Rent
-$739
Cashflow
Cash Flow
$2,589 income − $3,328 expenses = $739 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,050
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,589
Total Expenses
$3,328
Mortgage P&I
84%
$2,178
Property Taxes
13%
$331
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0