This property looks like a bad Long-Term investment with a projected -14.73% first-year return on $87,759 initial cash invested.
-14.73%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$2,422
Rent
-$1,077
Cashflow
Cash Flow
$2,422 income − $3,499 expenses = $1,077 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,759
Downpayment
20%
$83,580
Closing costs
1%
$4,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,422
Total Expenses
$3,499
Mortgage P&I
95%
$2,289
Property Taxes
18%
$432
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0