This property looks like a bad Long-Term investment with a projected -15.34% first-year return on $87,150 initial cash invested.
-15.34%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$2,282
Rent
-$1,114
Cashflow
Cash Flow
$2,282 income − $3,396 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,282
Total Expenses
$3,396
Mortgage P&I
99%
$2,268
Property Taxes
17%
$388
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0