This property looks like a bad Long-Term investment with a projected -16.31% first-year return on $86,793 initial cash invested.
-16.31%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$2,060
Rent
-$1,180
Cashflow
Cash Flow
$2,060 income − $3,240 expenses = $1,180 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,793
Downpayment
20%
$82,660
Closing costs
1%
$4,133
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$3,240
Mortgage P&I
103%
$2,116
Property Taxes
21%
$430
Home Insurance
8%
$158
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0