This property looks like a bad Long-Term investment with a projected -17.59% first-year return on $87,948 initial cash invested.
-17.59%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$1,980
Rent
-$1,289
Cashflow
Cash Flow
$1,980 income − $3,269 expenses = $1,289 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,948
Downpayment
20%
$83,760
Closing costs
1%
$4,188
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,980
Total Expenses
$3,269
Mortgage P&I
117%
$2,314
Property Taxes
14%
$286
Home Insurance
8%
$154
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0