This property looks like a bad Long-Term investment with a projected -17.18% first-year return on $85,890 initial cash invested.
-17.18%
Cash On Cash
2.81%
Cap Rate
0.46
DSCR
$1,856
Rent
-$1,230
Cashflow
Cash Flow
$1,856 income − $3,086 expenses = $1,230 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,890
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$3,086
Mortgage P&I
113%
$2,095
Property Taxes
20%
$365
Home Insurance
8%
$143
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0