This property looks like a bad Long-Term investment with a projected -18.33% first-year return on $85,386 initial cash invested.
-18.33%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$1,812
Rent
-$1,304
Cashflow
Cash Flow
$1,812 income − $3,116 expenses = $1,304 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,386
Downpayment
20%
$81,320
Closing costs
1%
$4,066
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,812
Total Expenses
$3,116
Mortgage P&I
124%
$2,246
Property Taxes
14%
$251
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0