This property looks like a bad Long-Term investment with a projected -16.47% first-year return on $87,150 initial cash invested.
-16.47%
Cash On Cash
2.98%
Cap Rate
0.48
DSCR
$1,815
Rent
-$1,196
Cashflow
Cash Flow
$1,815 income − $3,011 expenses = $1,196 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,815
Total Expenses
$3,011
Mortgage P&I
118%
$2,135
Property Taxes
14%
$256
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0