This property looks like a bad Long-Term investment with a projected -14.95% first-year return on $86,625 initial cash invested.
-14.95%
Cash On Cash
3.91%
Cap Rate
0.58
DSCR
$2,302
Rent
-$1,079
Cashflow
Cash Flow
$2,302 income − $3,381 expenses = $1,079 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,625
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,302
Total Expenses
$3,381
Mortgage P&I
100%
$2,307
Property Taxes
15%
$336
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0