This property looks like a bad Long-Term investment with a projected -15.59% first-year return on $85,953 initial cash invested.
-15.59%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$2,138
Rent
-$1,117
Cashflow
Cash Flow
$2,138 income − $3,255 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,953
Downpayment
20%
$81,860
Closing costs
1%
$4,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,138
Total Expenses
$3,255
Mortgage P&I
103%
$2,208
Property Taxes
16%
$342
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0