This property looks like a bad Long-Term investment with a projected -16.48% first-year return on $87,675 initial cash invested.
-16.48%
Cash On Cash
3.5%
Cap Rate
0.52
DSCR
$1,935
Rent
-$1,204
Cashflow
Cash Flow
$1,935 income − $3,139 expenses = $1,204 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,675
Downpayment
20%
$83,500
Closing costs
1%
$4,175
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,935
Total Expenses
$3,139
Mortgage P&I
120%
$2,326
Property Taxes
8%
$157
Home Insurance
8%
$152
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0