This property looks like a bad Long-Term investment with a projected -17.33% first-year return on $86,415 initial cash invested.
-17.33%
Cash On Cash
2.75%
Cap Rate
0.45
DSCR
$1,860
Rent
-$1,248
Cashflow
Cash Flow
$1,860 income − $3,108 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,415
Downpayment
20%
$82,300
Closing costs
1%
$4,115
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,860
Total Expenses
$3,108
Mortgage P&I
113%
$2,097
Property Taxes
21%
$382
Home Insurance
8%
$145
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0