This property looks like a bad Long-Term investment with a projected -19.94% first-year return on $86,079 initial cash invested.
-19.94%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$1,915
Rent
-$1,430
Cashflow
Cash Flow
$1,915 income − $3,345 expenses = $1,430 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,079
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,915
Total Expenses
$3,345
Mortgage P&I
116%
$2,224
Property Taxes
25%
$478
Home Insurance
8%
$144
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0