This property looks like a bad Long-Term investment with a projected -23.43% first-year return on $86,100 initial cash invested.
-23.43%
Cash On Cash
1.95%
Cap Rate
0.29
DSCR
$1,724
Rent
-$1,681
Cashflow
Cash Flow
$1,724 income − $3,405 expenses = $1,681 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,724
Total Expenses
$3,405
Mortgage P&I
131%
$2,260
Property Taxes
32%
$554
Home Insurance
8%
$144
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0