This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $87,927 initial cash invested.
-15.75%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$2,527
Rent
-$1,154
Cashflow
Cash Flow
$2,527 income − $3,681 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,927
Downpayment
20%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,527
Total Expenses
$3,681
Mortgage P&I
90%
$2,275
Property Taxes
24%
$600
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0