This property looks like a bad Long-Term investment with a projected -20.35% first-year return on $86,100 initial cash invested.
-20.35%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$2,561
Rent
-$1,460
Cashflow
Cash Flow
$2,561 income − $4,021 expenses = $1,460 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,561
Total Expenses
$4,021
Mortgage P&I
87%
$2,230
Property Taxes
36%
$917
Home Insurance
6%
$144
HOA
3%
$64
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0