This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $87,906 initial cash invested.
-15.11%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$2,633
Rent
-$1,107
Cashflow
Cash Flow
$2,633 income − $3,740 expenses = $1,107 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,906
Downpayment
20%
$83,720
Closing costs
1%
$4,186
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,633
Total Expenses
$3,740
Mortgage P&I
81%
$2,137
Property Taxes
30%
$778
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0