This property looks like a bad Long-Term investment with a projected -15.68% first-year return on $85,048 initial cash invested.
-15.68%
Cash On Cash
3.8%
Cap Rate
0.57
DSCR
$2,884
Rent
-$1,111
Cashflow
Cash Flow
$2,884 income − $3,995 expenses = $1,111 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,048
Downpayment
20%
$80,998
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,884
Total Expenses
$3,995
Mortgage P&I
78%
$2,250
Property Taxes
27%
$773
Home Insurance
5%
$142
HOA
3%
$81
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0