This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $85,491 initial cash invested.
-18.56%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$2,029
Rent
-$1,322
Cashflow
Cash Flow
$2,029 income − $3,351 expenses = $1,322 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,491
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,029
Total Expenses
$3,351
Mortgage P&I
110%
$2,230
Property Taxes
22%
$450
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0