This property looks like a bad Long-Term investment with a projected -17.07% first-year return on $88,074 initial cash invested.
-17.07%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$2,476
Rent
-$1,253
Cashflow
Cash Flow
$2,476 income − $3,729 expenses = $1,253 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,074
Downpayment
20%
$83,880
Closing costs
1%
$4,194
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,476
Total Expenses
$3,729
Mortgage P&I
93%
$2,300
Property Taxes
16%
$400
Home Insurance
6%
$149
HOA
9%
$235
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0