This property looks like a bad Long-Term investment with a projected -22.1% first-year return on $87,654 initial cash invested.
-22.1%
Cash On Cash
2.14%
Cap Rate
0.33
DSCR
$2,213
Rent
-$1,614
Cashflow
Cash Flow
$2,213 income − $3,827 expenses = $1,614 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,654
Downpayment
20%
$83,480
Closing costs
1%
$4,174
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,213
Total Expenses
$3,827
Mortgage P&I
102%
$2,249
Property Taxes
39%
$853
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0