This property looks like a bad Long-Term investment with a projected -15.2% first-year return on $84,567 initial cash invested.
-15.2%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$2,319
Rent
-$1,071
Cashflow
Cash Flow
$2,319 income − $3,390 expenses = $1,071 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,567
Downpayment
20%
$80,540
Closing costs
1%
$4,027
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$3,390
Mortgage P&I
94%
$2,174
Property Taxes
20%
$473
Home Insurance
6%
$140
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0