This property looks like a bad Long-Term investment with a projected -16.24% first-year return on $84,756 initial cash invested.
-16.24%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$2,096
Rent
-$1,147
Cashflow
Cash Flow
$2,096 income − $3,243 expenses = $1,147 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,756
Downpayment
20%
$80,720
Closing costs
1%
$4,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,096
Total Expenses
$3,243
Mortgage P&I
106%
$2,216
Property Taxes
16%
$337
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0