This property looks like a bad Long-Term investment with a projected -20.69% first-year return on $85,743 initial cash invested.
-20.69%
Cash On Cash
2.44%
Cap Rate
0.38
DSCR
$2,516
Rent
-$1,478
Cashflow
Cash Flow
$2,516 income − $3,994 expenses = $1,478 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,743
Downpayment
20%
$81,660
Closing costs
1%
$4,083
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,516
Total Expenses
$3,994
Mortgage P&I
87%
$2,183
Property Taxes
23%
$574
Home Insurance
7%
$184
HOA
16%
$398
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0