This property looks like a bad Long-Term investment with a projected -14.3% first-year return on $84,693 initial cash invested.
-14.3%
Cash On Cash
3.35%
Cap Rate
0.55
DSCR
$1,774
Rent
-$1,009
Cashflow
Cash Flow
$1,774 income − $2,783 expenses = $1,009 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,693
Downpayment
20%
$80,660
Closing costs
1%
$4,033
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,774
Total Expenses
$2,783
Mortgage P&I
115%
$2,046
Property Taxes
8%
$148
Home Insurance
7%
$128
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0