This property looks like a bad Long-Term investment with a projected -14.39% first-year return on $85,995 initial cash invested.
-14.39%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$2,924
Rent
-$1,031
Cashflow
Cash Flow
$2,924 income − $3,955 expenses = $1,031 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,995
Downpayment
20%
$81,900
Closing costs
1%
$4,095
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,924
Total Expenses
$3,955
Mortgage P&I
77%
$2,256
Property Taxes
27%
$788
Home Insurance
5%
$144
HOA
0%
$8
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0