This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $85,365 initial cash invested.
-14.82%
Cash On Cash
3.4%
Cap Rate
0.55
DSCR
$2,103
Rent
-$1,054
Cashflow
Cash Flow
$2,103 income − $3,157 expenses = $1,054 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,365
Downpayment
20%
$81,300
Closing costs
1%
$4,065
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,103
Total Expenses
$3,157
Mortgage P&I
100%
$2,101
Property Taxes
17%
$363
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0