This property looks like a bad Long-Term investment with a projected -20.02% first-year return on $86,625 initial cash invested.
-20.02%
Cash On Cash
2.14%
Cap Rate
0.35
DSCR
$1,762
Rent
-$1,445
Cashflow
Cash Flow
$1,762 income − $3,207 expenses = $1,445 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,625
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,762
Total Expenses
$3,207
Mortgage P&I
119%
$2,093
Property Taxes
26%
$451
Home Insurance
12%
$205
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0