This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $87,234 initial cash invested.
-14.8%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,330
Rent
-$1,076
Cashflow
Cash Flow
$2,330 income − $3,406 expenses = $1,076 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,234
Downpayment
20%
$83,080
Closing costs
1%
$4,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,330
Total Expenses
$3,406
Mortgage P&I
97%
$2,267
Property Taxes
17%
$390
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0