This property looks like a bad Long-Term investment with a projected -17.54% first-year return on $86,289 initial cash invested.
-17.54%
Cash On Cash
3.38%
Cap Rate
0.5
DSCR
$1,987
Rent
-$1,261
Cashflow
Cash Flow
$1,987 income − $3,248 expenses = $1,261 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,289
Downpayment
20%
$82,180
Closing costs
1%
$4,109
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,987
Total Expenses
$3,248
Mortgage P&I
117%
$2,321
Property Taxes
16%
$308
Home Insurance
5%
$103
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0