This property looks like a bad Long-Term investment with a projected -19.74% first-year return on $87,234 initial cash invested.
-19.74%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$1,912
Rent
-$1,435
Cashflow
Cash Flow
$1,912 income − $3,347 expenses = $1,435 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,234
Downpayment
20%
$83,080
Closing costs
1%
$4,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,912
Total Expenses
$3,347
Mortgage P&I
119%
$2,278
Property Taxes
22%
$424
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0