This property looks like a bad Long-Term investment with a projected -17.99% first-year return on $86,100 initial cash invested.
-17.99%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$1,629
Rent
-$1,291
Cashflow
Cash Flow
$1,629 income − $2,920 expenses = $1,291 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,629
Total Expenses
$2,920
Mortgage P&I
139%
$2,268
Property Taxes
5%
$85
Home Insurance
9%
$144
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0