This property looks like a bad Long-Term investment with a projected -15.87% first-year return on $85,512 initial cash invested.
-15.87%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$1,875
Rent
-$1,131
Cashflow
Cash Flow
$1,875 income − $3,006 expenses = $1,131 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,512
Downpayment
20%
$81,440
Closing costs
1%
$4,072
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,875
Total Expenses
$3,006
Mortgage P&I
114%
$2,135
Property Taxes
13%
$239
Home Insurance
8%
$144
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0