This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $87,612 initial cash invested.
-15.16%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$1,955
Rent
-$1,107
Cashflow
Cash Flow
$1,955 income − $3,062 expenses = $1,107 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,612
Downpayment
20%
$83,440
Closing costs
1%
$4,172
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,955
Total Expenses
$3,062
Mortgage P&I
116%
$2,271
Property Taxes
7%
$128
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0