This property looks like a bad Long-Term investment with a projected -17.37% first-year return on $84,819 initial cash invested.
-17.37%
Cash On Cash
2.59%
Cap Rate
0.44
DSCR
$1,980
Rent
-$1,228
Cashflow
Cash Flow
$1,980 income − $3,208 expenses = $1,228 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.3%
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
$1,980
Total Expenses
$3,208
Mortgage P&I
101%
$2,001
Property Taxes
28%
$547
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0