This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $87,087 initial cash invested.
-19.24%
Cash On Cash
2.66%
Cap Rate
0.42
DSCR
$2,157
Rent
-$1,396
Cashflow
Cash Flow
$2,157 income − $3,553 expenses = $1,396 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,087
Downpayment
20%
$82,940
Closing costs
1%
$4,147
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,157
Total Expenses
$3,553
Mortgage P&I
102%
$2,207
Property Taxes
28%
$600
Home Insurance
7%
$152
HOA
2%
$33
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0