This property looks like a bad Long-Term investment with a projected -19.32% first-year return on $87,990 initial cash invested.
-19.32%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$1,866
Rent
-$1,417
Cashflow
Cash Flow
$1,866 income − $3,283 expenses = $1,417 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,866
Total Expenses
$3,283
Mortgage P&I
121%
$2,260
Property Taxes
21%
$391
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0