This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $86,352 initial cash invested.
-14.2%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$2,404
Rent
-$1,022
Cashflow
Cash Flow
$2,404 income − $3,426 expenses = $1,022 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,352
Downpayment
20%
$82,240
Closing costs
1%
$4,112
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$3,426
Mortgage P&I
92%
$2,214
Property Taxes
18%
$439
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0