This property looks like a bad Long-Term investment with a projected -14.09% first-year return on $86,100 initial cash invested.
-14.09%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$2,646
Rent
-$1,011
Cashflow
Cash Flow
$2,646 income − $3,657 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,646
Total Expenses
$3,657
Mortgage P&I
84%
$2,231
Property Taxes
17%
$440
Home Insurance
5%
$144
HOA
6%
$154
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0