This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $85,491 initial cash invested.
-14.75%
Cash On Cash
3.89%
Cap Rate
0.59
DSCR
$2,350
Rent
-$1,051
Cashflow
Cash Flow
$2,350 income − $3,401 expenses = $1,051 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,491
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,350
Total Expenses
$3,401
Mortgage P&I
96%
$2,252
Property Taxes
17%
$393
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0