This property looks like a bad Long-Term investment with a projected -14.67% first-year return on $85,302 initial cash invested.
-14.67%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,160
Rent
-$1,043
Cashflow
Cash Flow
$2,160 income − $3,203 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,160
Total Expenses
$3,203
Mortgage P&I
104%
$2,255
Property Taxes
11%
$241
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0