This property looks like a bad Long-Term investment with a projected -27.44% first-year return on $87,780 initial cash invested.
-27.44%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$1,896
Rent
-$2,007
Cashflow
Cash Flow
$1,896 income − $3,903 expenses = $2,007 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,780
Downpayment
20%
$83,600
Closing costs
1%
$4,180
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,896
Total Expenses
$3,903
Mortgage P&I
118%
$2,246
Property Taxes
37%
$700
Home Insurance
9%
$180
HOA
15%
$283
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0