This property looks like a bad Long-Term investment with a projected -14.7% first-year return on $86,961 initial cash invested.
-14.7%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$2,232
Rent
-$1,065
Cashflow
Cash Flow
$2,232 income − $3,297 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,961
Downpayment
20%
$82,820
Closing costs
1%
$4,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$3,297
Mortgage P&I
102%
$2,271
Property Taxes
13%
$298
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0