This property looks like a bad Long-Term investment with a projected -15.19% first-year return on $85,344 initial cash invested.
-15.19%
Cash On Cash
3.54%
Cap Rate
0.55
DSCR
$2,362
Rent
-$1,080
Cashflow
Cash Flow
$2,362 income − $3,442 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,344
Downpayment
20%
$81,280
Closing costs
1%
$4,064
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,362
Total Expenses
$3,442
Mortgage P&I
91%
$2,161
Property Taxes
22%
$522
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0