This property looks like a bad Long-Term investment with a projected -18.87% first-year return on $84,819 initial cash invested.
-18.87%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$2,034
Rent
-$1,334
Cashflow
Cash Flow
$2,034 income − $3,368 expenses = $1,334 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,819
Downpayment
20%
$80,780
Closing costs
1%
$4,039
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,034
Total Expenses
$3,368
Mortgage P&I
110%
$2,241
Property Taxes
13%
$270
Home Insurance
7%
$147
HOA
9%
$181
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0