This property looks like a bad Long-Term investment with a projected -15.83% first-year return on $87,717 initial cash invested.
-15.83%
Cash On Cash
3.74%
Cap Rate
0.56
DSCR
$2,607
Rent
-$1,157
Cashflow
Cash Flow
$2,607 income − $3,764 expenses = $1,157 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,717
Downpayment
20%
$83,540
Closing costs
1%
$4,177
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,607
Total Expenses
$3,764
Mortgage P&I
89%
$2,329
Property Taxes
22%
$586
Home Insurance
6%
$149
HOA
1%
$23
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0