This property looks like a bad Long-Term investment with a projected -14.82% first-year return on $85,890 initial cash invested.
-14.82%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$2,211
Rent
-$1,061
Cashflow
Cash Flow
$2,211 income − $3,272 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,890
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$3,272
Mortgage P&I
95%
$2,097
Property Taxes
13%
$291
Home Insurance
6%
$143
HOA
7%
$165
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0