This property looks like a bad Long-Term investment with a projected -18.92% first-year return on $85,050 initial cash invested.
-18.92%
Cash On Cash
2.34%
Cap Rate
0.38
DSCR
$1,229
Rent
-$1,341
Cashflow
Cash Flow
$1,229 income − $2,570 expenses = $1,341 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,050
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,229
Total Expenses
$2,570
Mortgage P&I
169%
$2,071
Property Taxes
3%
$38
Home Insurance
12%
$142
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$61
Vacancy
6%
$74
Maintenance
5%
$61
Other
0%
$0