This property looks like a bad Long-Term investment with a projected -25.64% first-year return on $86,100 initial cash invested.
-25.64%
Cash On Cash
1.62%
Cap Rate
0.24
DSCR
$2,317
Rent
-$1,840
Cashflow
Cash Flow
$2,317 income − $4,157 expenses = $1,840 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,317
Total Expenses
$4,157
Mortgage P&I
98%
$2,277
Property Taxes
45%
$1,046
Home Insurance
6%
$144
HOA
4%
$87
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0