This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $84,987 initial cash invested.
-14.83%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$1,656
Rent
-$1,050
Cashflow
Cash Flow
$1,656 income − $2,706 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,987
Downpayment
20%
$80,940
Closing costs
1%
$4,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,656
Total Expenses
$2,706
Mortgage P&I
124%
$2,060
Property Taxes
4%
$66
Home Insurance
9%
$149
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0