This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $84,672 initial cash invested.
-17.81%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$1,642
Rent
-$1,257
Cashflow
Cash Flow
$1,642 income − $2,899 expenses = $1,257 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,672
Downpayment
20%
$80,640
Closing costs
1%
$4,032
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,642
Total Expenses
$2,899
Mortgage P&I
135%
$2,217
Property Taxes
6%
$106
Home Insurance
9%
$149
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0