This property looks like a bad Long-Term investment with a projected -15.94% first-year return on $87,150 initial cash invested.
-15.94%
Cash On Cash
3.15%
Cap Rate
0.51
DSCR
$2,556
Rent
-$1,158
Cashflow
Cash Flow
$2,556 income − $3,714 expenses = $1,158 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,556
Total Expenses
$3,714
Mortgage P&I
83%
$2,118
Property Taxes
31%
$786
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0