This property looks like a bad Long-Term investment with a projected -15.87% first-year return on $87,402 initial cash invested.
-15.87%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$2,165
Rent
-$1,156
Cashflow
Cash Flow
$2,165 income − $3,321 expenses = $1,156 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,402
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,165
Total Expenses
$3,321
Mortgage P&I
106%
$2,285
Property Taxes
15%
$325
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0