This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $87,150 initial cash invested.
-19.04%
Cash On Cash
2.52%
Cap Rate
0.4
DSCR
$1,764
Rent
-$1,383
Cashflow
Cash Flow
$1,764 income − $3,147 expenses = $1,383 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,764
Total Expenses
$3,147
Mortgage P&I
123%
$2,167
Property Taxes
21%
$377
Home Insurance
8%
$145
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0