This property looks like a bad Long-Term investment with a projected -5.68% first-year return on $85,302 initial cash invested.
-5.68%
Cash On Cash
5.52%
Cap Rate
0.87
DSCR
$2,680
Rent
-$404
Cashflow
Cash Flow
$2,680 income − $3,084 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,302
Downpayment
20%
$81,240
Closing costs
1%
$4,062
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$3,084
Mortgage P&I
80%
$2,137
Property Taxes
4%
$101
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0