This property looks like a bad Long-Term investment with a projected -17.1% first-year return on $87,150 initial cash invested.
-17.1%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$1,658
Rent
-$1,242
Cashflow
Cash Flow
$1,658 income − $2,900 expenses = $1,242 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,658
Total Expenses
$2,900
Mortgage P&I
128%
$2,129
Property Taxes
12%
$195
Home Insurance
9%
$145
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0