This property looks like a bad Long-Term investment with a projected -15.94% first-year return on $87,906 initial cash invested.
-15.94%
Cash On Cash
3.47%
Cap Rate
0.54
DSCR
$2,769
Rent
-$1,168
Cashflow
Cash Flow
$2,769 income − $3,937 expenses = $1,168 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,769
Total Expenses
$3,937
Mortgage P&I
81%
$2,241
Property Taxes
30%
$827
Home Insurance
5%
$150
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0