This property looks like a bad Long-Term investment with a projected -15.95% first-year return on $88,011 initial cash invested.
-15.95%
Cash On Cash
3.43%
Cap Rate
0.53
DSCR
$2,144
Rent
-$1,170
Cashflow
Cash Flow
$2,144 income − $3,314 expenses = $1,170 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,011
Downpayment
20%
$83,820
Closing costs
1%
$4,191
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,144
Total Expenses
$3,314
Mortgage P&I
105%
$2,261
Property Taxes
17%
$360
Home Insurance
6%
$136
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0