This property looks like a bad Long-Term investment with a projected -16.12% first-year return on $87,990 initial cash invested.
-16.12%
Cash On Cash
3.62%
Cap Rate
0.54
DSCR
$2,148
Rent
-$1,182
Cashflow
Cash Flow
$2,148 income − $3,330 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,990
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,148
Total Expenses
$3,330
Mortgage P&I
109%
$2,339
Property Taxes
13%
$286
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0