This property looks like a bad Long-Term investment with a projected -19.14% first-year return on $86,100 initial cash invested.
-19.14%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$1,890
Rent
-$1,373
Cashflow
Cash Flow
$1,890 income − $3,263 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,890
Total Expenses
$3,263
Mortgage P&I
115%
$2,182
Property Taxes
24%
$447
Home Insurance
8%
$144
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0