This property looks like a bad Long-Term investment with a projected -21.26% first-year return on $87,990 initial cash invested.
-21.26%
Cash On Cash
2.03%
Cap Rate
0.32
DSCR
$1,458
Rent
-$1,559
Cashflow
Cash Flow
$1,458 income − $3,017 expenses = $1,559 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,990
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,458
Total Expenses
$3,017
Mortgage P&I
151%
$2,195
Property Taxes
20%
$285
Home Insurance
11%
$158
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0