This property looks like a bad Long-Term investment with a projected -14.7% first-year return on $85,617 initial cash invested.
-14.7%
Cash On Cash
3.99%
Cap Rate
0.59
DSCR
$2,157
Rent
-$1,049
Cashflow
Cash Flow
$2,157 income − $3,206 expenses = $1,049 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,617
Downpayment
20%
$81,540
Closing costs
1%
$4,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,157
Total Expenses
$3,206
Mortgage P&I
106%
$2,297
Property Taxes
9%
$204
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0