This property looks like a bad Long-Term investment with a projected -21.75% first-year return on $85,890 initial cash invested.
-21.75%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$1,860
Rent
-$1,557
Cashflow
Cash Flow
$1,860 income − $3,417 expenses = $1,557 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,890
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,860
Total Expenses
$3,417
Mortgage P&I
121%
$2,249
Property Taxes
14%
$261
Home Insurance
8%
$147
HOA
15%
$276
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0