This property looks like a bad Long-Term investment with a projected -14.35% first-year return on $86,877 initial cash invested.
-14.35%
Cash On Cash
3.57%
Cap Rate
0.57
DSCR
$2,262
Rent
-$1,039
Cashflow
Cash Flow
$2,262 income − $3,301 expenses = $1,039 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,877
Downpayment
20%
$82,740
Closing costs
1%
$4,137
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,262
Total Expenses
$3,301
Mortgage P&I
95%
$2,157
Property Taxes
18%
$416
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0