This property looks like a bad Long-Term investment with a projected -13.99% first-year return on $87,486 initial cash invested.
-13.99%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$1,978
Rent
-$1,020
Cashflow
Cash Flow
$1,978 income − $2,998 expenses = $1,020 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,486
Downpayment
20%
$83,320
Closing costs
1%
$4,166
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,978
Total Expenses
$2,998
Mortgage P&I
108%
$2,136
Property Taxes
10%
$198
Home Insurance
8%
$149
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0