This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $86,100 initial cash invested.
-18.73%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$2,199
Rent
-$1,344
Cashflow
Cash Flow
$2,199 income − $3,543 expenses = $1,344 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
$2,199
Total Expenses
$3,543
Mortgage P&I
102%
$2,252
Property Taxes
24%
$535
Home Insurance
8%
$184
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0