This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $85,617 initial cash invested.
-15.56%
Cash On Cash
3.69%
Cap Rate
0.55
DSCR
$2,004
Rent
-$1,110
Cashflow
Cash Flow
$2,004 income − $3,114 expenses = $1,110 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,617
Downpayment
20%
$81,540
Closing costs
1%
$4,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$3,114
Mortgage P&I
113%
$2,264
Property Taxes
9%
$190
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0