This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $86,100 initial cash invested.
-15.92%
Cash On Cash
3.75%
Cap Rate
0.56
DSCR
$2,971
Rent
-$1,142
Cashflow
Cash Flow
$2,971 income − $4,113 expenses = $1,142 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,100
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,971
Total Expenses
$4,113
Mortgage P&I
77%
$2,273
Property Taxes
31%
$923
Home Insurance
5%
$144
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0