This property looks like a bad Long-Term investment with a projected -14.86% first-year return on $87,927 initial cash invested.
-14.86%
Cash On Cash
3.53%
Cap Rate
0.56
DSCR
$2,209
Rent
-$1,089
Cashflow
Cash Flow
$2,209 income − $3,298 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,927
Downpayment
20%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,209
Total Expenses
$3,298
Mortgage P&I
100%
$2,212
Property Taxes
17%
$373
Home Insurance
6%
$139
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0