This property looks like a bad Long-Term investment with a projected -18.75% first-year return on $85,701 initial cash invested.
-18.75%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$1,861
Rent
-$1,339
Cashflow
Cash Flow
$1,861 income − $3,200 expenses = $1,339 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,701
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,861
Total Expenses
$3,200
Mortgage P&I
119%
$2,221
Property Taxes
19%
$348
Home Insurance
8%
$147
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0