This property looks like a bad Long-Term investment with a projected -15.44% first-year return on $84,945 initial cash invested.
-15.44%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$2,211
Rent
-$1,093
Cashflow
Cash Flow
$2,211 income − $3,304 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,945
Downpayment
20%
$80,900
Closing costs
1%
$4,045
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,211
Total Expenses
$3,304
Mortgage P&I
100%
$2,215
Property Taxes
17%
$369
Home Insurance
7%
$144
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0