This property looks like a bad Long-Term investment with a projected -17.6% first-year return on $84,840 initial cash invested.
-17.6%
Cash On Cash
2.83%
Cap Rate
0.45
DSCR
$1,919
Rent
-$1,244
Cashflow
Cash Flow
$1,919 income − $3,163 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,840
Downpayment
20%
$80,800
Closing costs
1%
$4,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,919
Total Expenses
$3,163
Mortgage P&I
110%
$2,102
Property Taxes
22%
$421
Home Insurance
7%
$141
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0