This property looks like a bad Long-Term investment with a projected -15.9% first-year return on $86,100 initial cash invested.
-15.9%
Cash On Cash
3.19%
Cap Rate
0.51
DSCR
$2,115
Rent
-$1,141
Cashflow
Cash Flow
$2,115 income − $3,256 expenses = $1,141 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,115
Total Expenses
$3,256
Mortgage P&I
100%
$2,125
Property Taxes
21%
$436
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0