This property looks like a bad Long-Term investment with a projected -14.98% first-year return on $84,987 initial cash invested.
-14.98%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$1,997
Rent
-$1,061
Cashflow
Cash Flow
$1,997 income − $3,058 expenses = $1,061 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,987
Downpayment
20%
$80,940
Closing costs
1%
$4,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,997
Total Expenses
$3,058
Mortgage P&I
112%
$2,230
Property Taxes
8%
$163
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0