This property looks like a bad Long-Term investment with a projected -14.7% first-year return on $85,218 initial cash invested.
-14.7%
Cash On Cash
3.71%
Cap Rate
0.57
DSCR
$2,156
Rent
-$1,044
Cashflow
Cash Flow
$2,156 income − $3,200 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,218
Downpayment
20%
$81,160
Closing costs
1%
$4,058
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,156
Total Expenses
$3,200
Mortgage P&I
102%
$2,189
Property Taxes
13%
$287
Home Insurance
8%
$163
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0