This property looks like a bad Long-Term investment with a projected -18.27% first-year return on $85,932 initial cash invested.
-18.27%
Cash On Cash
2.68%
Cap Rate
0.43
DSCR
$2,288
Rent
-$1,308
Cashflow
Cash Flow
$2,288 income − $3,596 expenses = $1,308 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,932
Downpayment
20%
$81,840
Closing costs
1%
$4,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,288
Total Expenses
$3,596
Mortgage P&I
92%
$2,108
Property Taxes
32%
$737
Home Insurance
7%
$157
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0