This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $86,499 initial cash invested.
-14.23%
Cash On Cash
3.38%
Cap Rate
0.56
DSCR
$2,275
Rent
-$1,026
Cashflow
Cash Flow
$2,275 income − $3,301 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,499
Downpayment
20%
$82,380
Closing costs
1%
$4,119
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$3,301
Mortgage P&I
91%
$2,072
Property Taxes
21%
$483
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0