This property looks like a bad Long-Term investment with a projected -15.87% first-year return on $87,990 initial cash invested.
-15.87%
Cash On Cash
3.67%
Cap Rate
0.55
DSCR
$2,043
Rent
-$1,164
Cashflow
Cash Flow
$2,043 income − $3,207 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,043
Total Expenses
$3,207
Mortgage P&I
115%
$2,342
Property Taxes
9%
$187
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0