This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $87,066 initial cash invested.
-13.88%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$2,637
Rent
-$1,007
Cashflow
Cash Flow
$2,637 income − $3,644 expenses = $1,007 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,066
Downpayment
20%
$82,920
Closing costs
1%
$4,146
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$3,644
Mortgage P&I
87%
$2,305
Property Taxes
18%
$476
Home Insurance
6%
$150
HOA
1%
$27
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0