This property looks like a bad Long-Term investment with a projected -19% first-year return on $87,234 initial cash invested.
-19%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$1,831
Rent
-$1,381
Cashflow
Cash Flow
$1,831 income − $3,212 expenses = $1,381 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,831
Total Expenses
$3,212
Mortgage P&I
126%
$2,300
Property Taxes
16%
$288
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0