This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $87,402 initial cash invested.
-14.21%
Cash On Cash
4.12%
Cap Rate
0.61
DSCR
$2,326
Rent
-$1,035
Cashflow
Cash Flow
$2,326 income − $3,361 expenses = $1,035 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,402
Downpayment
20%
$83,240
Closing costs
1%
$4,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,326
Total Expenses
$3,361
Mortgage P&I
101%
$2,349
Property Taxes
10%
$244
Home Insurance
6%
$146
HOA
1%
$17
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0