This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $86,520 initial cash invested.
-16.89%
Cash On Cash
2.76%
Cap Rate
0.46
DSCR
$2,047
Rent
-$1,218
Cashflow
Cash Flow
$2,047 income − $3,265 expenses = $1,218 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,520
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,047
Total Expenses
$3,265
Mortgage P&I
101%
$2,064
Property Taxes
26%
$538
Home Insurance
6%
$131
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0