This property looks like a bad Long-Term investment with a projected -16.01% first-year return on $87,990 initial cash invested.
-16.01%
Cash On Cash
3.45%
Cap Rate
0.53
DSCR
$2,193
Rent
-$1,174
Cashflow
Cash Flow
$2,193 income − $3,367 expenses = $1,174 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,193
Total Expenses
$3,367
Mortgage P&I
103%
$2,268
Property Taxes
17%
$381
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0