This property looks like a bad Long-Term investment with a projected -14.54% first-year return on $87,990 initial cash invested.
-14.54%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,098
Rent
-$1,066
Cashflow
Cash Flow
$2,098 income − $3,164 expenses = $1,066 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,098
Total Expenses
$3,164
Mortgage P&I
111%
$2,333
Property Taxes
7%
$138
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0