This property looks like a bad Long-Term investment with a projected -18.97% first-year return on $84,525 initial cash invested.
-18.97%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$2,658
Rent
-$1,336
Cashflow
Cash Flow
$2,658 income − $3,994 expenses = $1,336 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,525
Downpayment
20%
$80,500
Closing costs
1%
$4,025
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,658
Total Expenses
$3,994
Mortgage P&I
84%
$2,236
Property Taxes
35%
$936
Home Insurance
5%
$131
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0