This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $85,197 initial cash invested.
-15.44%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$2,168
Rent
-$1,096
Cashflow
Cash Flow
$2,168 income − $3,264 expenses = $1,096 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,197
Downpayment
20%
$81,140
Closing costs
1%
$4,057
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,168
Total Expenses
$3,264
Mortgage P&I
103%
$2,241
Property Taxes
16%
$341
Home Insurance
5%
$119
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0