This property looks like a bad Long-Term investment with a projected -15.03% first-year return on $87,969 initial cash invested.
-15.03%
Cash On Cash
3.53%
Cap Rate
0.55
DSCR
$2,100
Rent
-$1,102
Cashflow
Cash Flow
$2,100 income − $3,202 expenses = $1,102 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,969
Downpayment
20%
$83,780
Closing costs
1%
$4,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,100
Total Expenses
$3,202
Mortgage P&I
106%
$2,228
Property Taxes
12%
$253
Home Insurance
8%
$175
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0