This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $84,735 initial cash invested.
-14.42%
Cash On Cash
3.87%
Cap Rate
0.59
DSCR
$2,445
Rent
-$1,018
Cashflow
Cash Flow
$2,445 income − $3,463 expenses = $1,018 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,735
Downpayment
20%
$80,700
Closing costs
1%
$4,035
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,445
Total Expenses
$3,463
Mortgage P&I
90%
$2,197
Property Taxes
20%
$486
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0