This property looks like a bad Long-Term investment with a projected -18.69% first-year return on $86,625 initial cash invested.
-18.69%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$1,611
Rent
-$1,349
Cashflow
Cash Flow
$1,611 income − $2,960 expenses = $1,349 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,625
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,611
Total Expenses
$2,960
Mortgage P&I
142%
$2,289
Property Taxes
7%
$107
Home Insurance
9%
$144
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0