This property looks like a bad Long-Term investment with a projected -10.93% first-year return on $85,268 initial cash invested.
-10.93%
Cash On Cash
4.67%
Cap Rate
0.71
DSCR
$2,378
Rent
-$777
Cashflow
Cash Flow
$2,378 income − $3,155 expenses = $777 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,268
Downpayment
20%
$81,208
Closing costs
1%
$4,060
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,378
Total Expenses
$3,155
Mortgage P&I
94%
$2,238
Property Taxes
7%
$156
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0