This property looks like a bad Long-Term investment with a projected -15.73% first-year return on $85,764 initial cash invested.
-15.73%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$2,110
Rent
-$1,124
Cashflow
Cash Flow
$2,110 income − $3,234 expenses = $1,124 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,764
Downpayment
20%
$81,680
Closing costs
1%
$4,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,110
Total Expenses
$3,234
Mortgage P&I
105%
$2,222
Property Taxes
15%
$317
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0