This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $85,869 initial cash invested.
-15.96%
Cash On Cash
3.25%
Cap Rate
0.52
DSCR
$2,576
Rent
-$1,142
Cashflow
Cash Flow
$2,576 income − $3,718 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,869
Downpayment
20%
$81,780
Closing costs
1%
$4,089
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,576
Total Expenses
$3,718
Mortgage P&I
82%
$2,122
Property Taxes
29%
$751
Home Insurance
6%
$145
HOA
1%
$29
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0