This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $87,213 initial cash invested.
-15.11%
Cash On Cash
3.22%
Cap Rate
0.52
DSCR
$1,746
Rent
-$1,098
Cashflow
Cash Flow
$1,746 income − $2,844 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,213
Downpayment
20%
$83,060
Closing costs
1%
$4,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,746
Total Expenses
$2,844
Mortgage P&I
122%
$2,127
Property Taxes
6%
$110
Home Insurance
9%
$153
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0