This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $86,100 initial cash invested.
-15.55%
Cash On Cash
3.64%
Cap Rate
0.56
DSCR
$2,503
Rent
-$1,116
Cashflow
Cash Flow
$2,503 income − $3,619 expenses = $1,116 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,503
Total Expenses
$3,619
Mortgage P&I
89%
$2,233
Property Taxes
22%
$554
Home Insurance
6%
$144
HOA
2%
$38
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0