This property looks like a bad Long-Term investment with a projected -16.24% first-year return on $87,276 initial cash invested.
-16.24%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$2,170
Rent
-$1,181
Cashflow
Cash Flow
$2,170 income − $3,351 expenses = $1,181 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,276
Downpayment
20%
$83,120
Closing costs
1%
$4,156
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,170
Total Expenses
$3,351
Mortgage P&I
104%
$2,266
Property Taxes
16%
$340
Home Insurance
7%
$147
HOA
2%
$35
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0