This property looks like a bad Long-Term investment with a projected -16.64% first-year return on $86,100 initial cash invested.
-16.64%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$2,016
Rent
-$1,194
Cashflow
Cash Flow
$2,016 income − $3,210 expenses = $1,194 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,016
Total Expenses
$3,210
Mortgage P&I
111%
$2,245
Property Taxes
15%
$296
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0