This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $86,625 initial cash invested.
-17.41%
Cash On Cash
3.3%
Cap Rate
0.49
DSCR
$1,994
Rent
-$1,257
Cashflow
Cash Flow
$1,994 income − $3,251 expenses = $1,257 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,625
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,994
Total Expenses
$3,251
Mortgage P&I
115%
$2,290
Property Taxes
15%
$298
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0