This property looks like a bad Long-Term investment with a projected -17.57% first-year return on $85,260 initial cash invested.
-17.57%
Cash On Cash
3.03%
Cap Rate
0.47
DSCR
$1,944
Rent
-$1,248
Cashflow
Cash Flow
$1,944 income − $3,192 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,260
Downpayment
20%
$81,200
Closing costs
1%
$4,060
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,944
Total Expenses
$3,192
Mortgage P&I
112%
$2,177
Property Taxes
19%
$366
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0