This property looks like a bad Long-Term investment with a projected -14.76% first-year return on $86,604 initial cash invested.
-14.76%
Cash On Cash
3.69%
Cap Rate
0.57
DSCR
$2,212
Rent
-$1,065
Cashflow
Cash Flow
$2,212 income − $3,277 expenses = $1,065 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,604
Downpayment
20%
$82,480
Closing costs
1%
$4,124
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,212
Total Expenses
$3,277
Mortgage P&I
100%
$2,223
Property Taxes
16%
$348
Home Insurance
6%
$130
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0