This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $87,150 initial cash invested.
-14.25%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$2,308
Rent
-$1,035
Cashflow
Cash Flow
$2,308 income − $3,343 expenses = $1,035 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,308
Total Expenses
$3,343
Mortgage P&I
99%
$2,284
Property Taxes
14%
$315
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0