This property looks like a bad Long-Term investment with a projected -17.22% first-year return on $85,848 initial cash invested.
-17.22%
Cash On Cash
2.88%
Cap Rate
0.46
DSCR
$1,811
Rent
-$1,232
Cashflow
Cash Flow
$1,811 income − $3,043 expenses = $1,232 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,848
Downpayment
20%
$81,760
Closing costs
1%
$4,088
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,811
Total Expenses
$3,043
Mortgage P&I
117%
$2,123
Property Taxes
17%
$301
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0