This property looks like a bad Long-Term investment with a projected -18.46% first-year return on $84,420 initial cash invested.
-18.46%
Cash On Cash
3.24%
Cap Rate
0.48
DSCR
$2,439
Rent
-$1,299
Cashflow
Cash Flow
$2,439 income − $3,738 expenses = $1,299 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,420
Downpayment
20%
$80,400
Closing costs
1%
$4,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,439
Total Expenses
$3,738
Mortgage P&I
93%
$2,264
Property Taxes
29%
$700
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0