This property looks like a bad Long-Term investment with a projected -14.45% first-year return on $85,848 initial cash invested.
-14.45%
Cash On Cash
3.51%
Cap Rate
0.58
DSCR
$3,016
Rent
-$1,034
Cashflow
Cash Flow
$3,016 income − $4,050 expenses = $1,034 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,848
Downpayment
20%
$81,760
Closing costs
1%
$4,088
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,016
Total Expenses
$4,050
Mortgage P&I
69%
$2,079
Property Taxes
35%
$1,055
Home Insurance
4%
$131
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0