This property looks like a bad Long-Term investment with a projected -29.38% first-year return on $84,819 initial cash invested.
-29.38%
Cash On Cash
0.75%
Cap Rate
0.11
DSCR
$1,704
Rent
-$2,077
Cashflow
Cash Flow
$1,704 income − $3,781 expenses = $2,077 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,819
Downpayment
20%
$80,780
Closing costs
1%
$4,039
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,704
Total Expenses
$3,781
Mortgage P&I
132%
$2,244
Property Taxes
56%
$948
Home Insurance
9%
$147
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0