This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $87,612 initial cash invested.
-14.42%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$2,212
Rent
-$1,053
Cashflow
Cash Flow
$2,212 income − $3,265 expenses = $1,053 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,612
Downpayment
20%
$83,440
Closing costs
1%
$4,172
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,212
Total Expenses
$3,265
Mortgage P&I
102%
$2,267
Property Taxes
12%
$272
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0