This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $87,150 initial cash invested.
-14.64%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,223
Rent
-$1,063
Cashflow
Cash Flow
$2,223 income − $3,286 expenses = $1,063 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
$2,223
Total Expenses
$3,286
Mortgage P&I
103%
$2,281
Property Taxes
9%
$205
Home Insurance
7%
$145
HOA
4%
$78
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0