This property looks like a bad Long-Term investment with a projected -13.95% first-year return on $86,520 initial cash invested.
-13.95%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$2,567
Rent
-$1,006
Cashflow
Cash Flow
$2,567 income − $3,573 expenses = $1,006 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,520
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,567
Total Expenses
$3,573
Mortgage P&I
88%
$2,262
Property Taxes
18%
$470
Home Insurance
6%
$149
HOA
1%
$25
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0