This property looks like a bad Long-Term investment with a projected -15.82% first-year return on $85,953 initial cash invested.
-15.82%
Cash On Cash
3.74%
Cap Rate
0.56
DSCR
$2,800
Rent
-$1,133
Cashflow
Cash Flow
$2,800 income − $3,933 expenses = $1,133 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,953
Downpayment
20%
$81,860
Closing costs
1%
$4,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,800
Total Expenses
$3,933
Mortgage P&I
81%
$2,270
Property Taxes
28%
$786
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0