This property looks like a bad Long-Term investment with a projected -19.96% first-year return on $85,260 initial cash invested.
-19.96%
Cash On Cash
2.77%
Cap Rate
0.42
DSCR
$2,076
Rent
-$1,418
Cashflow
Cash Flow
$2,076 income − $3,494 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,260
Downpayment
20%
$81,200
Closing costs
1%
$4,060
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,076
Total Expenses
$3,494
Mortgage P&I
108%
$2,251
Property Taxes
26%
$541
Home Insurance
7%
$144
HOA
1%
$17
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0