This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $85,722 initial cash invested.
-14.63%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$2,286
Rent
-$1,045
Cashflow
Cash Flow
$2,286 income − $3,331 expenses = $1,045 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,722
Downpayment
20%
$81,640
Closing costs
1%
$4,082
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,286
Total Expenses
$3,331
Mortgage P&I
98%
$2,231
Property Taxes
15%
$349
Home Insurance
6%
$145
HOA
1%
$12
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0