This property looks like a bad Long-Term investment with a projected -15.13% first-year return on $87,150 initial cash invested.
-15.13%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$1,999
Rent
-$1,099
Cashflow
Cash Flow
$1,999 income − $3,098 expenses = $1,099 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,999
Total Expenses
$3,098
Mortgage P&I
113%
$2,265
Property Taxes
7%
$148
Home Insurance
7%
$145
HOA
1%
$20
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0