This property looks like a bad Long-Term investment with a projected -14.92% first-year return on $86,079 initial cash invested.
-14.92%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$2,220
Rent
-$1,070
Cashflow
Cash Flow
$2,220 income − $3,290 expenses = $1,070 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,079
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,220
Total Expenses
$3,290
Mortgage P&I
102%
$2,269
Property Taxes
14%
$300
Home Insurance
6%
$144
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0