This property looks like a bad Long-Term investment with a projected -19.78% first-year return on $85,050 initial cash invested.
-19.78%
Cash On Cash
2.82%
Cap Rate
0.42
DSCR
$2,187
Rent
-$1,402
Cashflow
Cash Flow
$2,187 income − $3,589 expenses = $1,402 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,050
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,187
Total Expenses
$3,589
Mortgage P&I
103%
$2,245
Property Taxes
29%
$634
Home Insurance
6%
$142
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0