This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $86,247 initial cash invested.
-15.08%
Cash On Cash
3.85%
Cap Rate
0.58
DSCR
$2,205
Rent
-$1,084
Cashflow
Cash Flow
$2,205 income − $3,289 expenses = $1,084 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,247
Downpayment
20%
$82,140
Closing costs
1%
$4,107
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,205
Total Expenses
$3,289
Mortgage P&I
104%
$2,293
Property Taxes
12%
$274
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0