This property looks like a bad Long-Term investment with a projected -23.61% first-year return on $87,423 initial cash invested.
-23.61%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$1,684
Rent
-$1,720
Cashflow
Cash Flow
$1,684 income − $3,404 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,423
Downpayment
20%
$83,260
Closing costs
1%
$4,163
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,684
Total Expenses
$3,404
Mortgage P&I
135%
$2,268
Property Taxes
34%
$577
Home Insurance
7%
$122
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0