This property looks like a bad Long-Term investment with a projected -15.47% first-year return on $86,499 initial cash invested.
-15.47%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$2,536
Rent
-$1,115
Cashflow
Cash Flow
$2,536 income − $3,651 expenses = $1,115 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,499
Downpayment
20%
$82,380
Closing costs
1%
$4,119
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,536
Total Expenses
$3,651
Mortgage P&I
88%
$2,224
Property Taxes
20%
$515
Home Insurance
6%
$164
HOA
3%
$88
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0