This property looks like a bad Long-Term investment with a projected -23.2% first-year return on $84,609 initial cash invested.
-23.2%
Cash On Cash
2.09%
Cap Rate
0.31
DSCR
$2,011
Rent
-$1,636
Cashflow
Cash Flow
$2,011 income − $3,647 expenses = $1,636 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,011
Total Expenses
$3,647
Mortgage P&I
111%
$2,236
Property Taxes
25%
$493
Home Insurance
7%
$144
HOA
12%
$250
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0