This property looks like a bad Long-Term investment with a projected -18.27% first-year return on $86,394 initial cash invested.
-18.27%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$2,190
Rent
-$1,315
Cashflow
Cash Flow
$2,190 income − $3,505 expenses = $1,315 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,394
Downpayment
20%
$82,280
Closing costs
1%
$4,114
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,190
Total Expenses
$3,505
Mortgage P&I
102%
$2,241
Property Taxes
25%
$540
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0