This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $85,764 initial cash invested.
-16.3%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$1,930
Rent
-$1,165
Cashflow
Cash Flow
$1,930 income − $3,095 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,764
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$3,095
Mortgage P&I
116%
$2,238
Property Taxes
9%
$168
Home Insurance
9%
$180
HOA
0%
$8
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0