This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $87,738 initial cash invested.
-17.52%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$1,995
Rent
-$1,281
Cashflow
Cash Flow
$1,995 income − $3,276 expenses = $1,281 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,738
Downpayment
20%
$83,560
Closing costs
1%
$4,178
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,995
Total Expenses
$3,276
Mortgage P&I
115%
$2,289
Property Taxes
17%
$336
Home Insurance
7%
$131
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0