This property looks like a bad Long-Term investment with a projected -15.35% first-year return on $87,087 initial cash invested.
-15.35%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$2,509
Rent
-$1,114
Cashflow
Cash Flow
$2,509 income − $3,623 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,087
Downpayment
20%
$82,940
Closing costs
1%
$4,147
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,509
Total Expenses
$3,623
Mortgage P&I
92%
$2,304
Property Taxes
21%
$518
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$151
Maintenance
5%
$125
Other
0%
$0