This property looks like a bad Long-Term investment with a projected -19.07% first-year return on $86,730 initial cash invested.
-19.07%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$2,315
Rent
-$1,378
Cashflow
Cash Flow
$2,315 income − $3,693 expenses = $1,378 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,730
Downpayment
20%
$82,600
Closing costs
1%
$4,130
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,315
Total Expenses
$3,693
Mortgage P&I
100%
$2,321
Property Taxes
27%
$622
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0