This property looks like a bad Long-Term investment with a projected -17.4% first-year return on $84,735 initial cash invested.
-17.4%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$2,002
Rent
-$1,229
Cashflow
Cash Flow
$2,002 income − $3,231 expenses = $1,229 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,735
Downpayment
20%
$80,700
Closing costs
1%
$4,035
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,002
Total Expenses
$3,231
Mortgage P&I
109%
$2,190
Property Taxes
19%
$377
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0