This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $87,150 initial cash invested.
-14.42%
Cash On Cash
3.82%
Cap Rate
0.59
DSCR
$2,215
Rent
-$1,047
Cashflow
Cash Flow
$2,215 income − $3,262 expenses = $1,047 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,215
Total Expenses
$3,262
Mortgage P&I
102%
$2,258
Property Taxes
13%
$282
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0