This property looks like a bad Long-Term investment with a projected -22.23% first-year return on $87,990 initial cash invested.
-22.23%
Cash On Cash
2.04%
Cap Rate
0.31
DSCR
$1,590
Rent
-$1,630
Cashflow
Cash Flow
$1,590 income − $3,220 expenses = $1,630 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,590
Total Expenses
$3,220
Mortgage P&I
142%
$2,262
Property Taxes
25%
$397
Home Insurance
9%
$147
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0