This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $87,990 initial cash invested.
-16.46%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$2,284
Rent
-$1,207
Cashflow
Cash Flow
$2,284 income − $3,491 expenses = $1,207 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,990
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,284
Total Expenses
$3,491
Mortgage P&I
100%
$2,286
Property Taxes
20%
$463
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0