This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $88,074 initial cash invested.
-17.7%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$2,013
Rent
-$1,299
Cashflow
Cash Flow
$2,013 income − $3,312 expenses = $1,299 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,074
Downpayment
20%
$83,880
Closing costs
1%
$4,194
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,013
Total Expenses
$3,312
Mortgage P&I
111%
$2,243
Property Taxes
19%
$387
Home Insurance
7%
$150
HOA
0%
$8
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0