This property looks like a bad Long-Term investment with a projected -15.94% first-year return on $86,667 initial cash invested.
-15.94%
Cash On Cash
3.72%
Cap Rate
0.55
DSCR
$2,417
Rent
-$1,151
Cashflow
Cash Flow
$2,417 income − $3,568 expenses = $1,151 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,667
Downpayment
20%
$82,540
Closing costs
1%
$4,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,417
Total Expenses
$3,568
Mortgage P&I
95%
$2,308
Property Taxes
20%
$481
Home Insurance
6%
$150
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0