This property looks like a bad Long-Term investment with a projected -14.47% first-year return on $84,609 initial cash invested.
-14.47%
Cash On Cash
3.35%
Cap Rate
0.55
DSCR
$2,053
Rent
-$1,020
Cashflow
Cash Flow
$2,053 income − $3,073 expenses = $1,020 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,609
Downpayment
20%
$80,580
Closing costs
1%
$4,029
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,053
Total Expenses
$3,073
Mortgage P&I
99%
$2,041
Property Taxes
17%
$358
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0