This property looks like a bad Long-Term investment with a projected -21.98% first-year return on $87,150 initial cash invested.
-21.98%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$1,332
Rent
-$1,596
Cashflow
Cash Flow
$1,332 income − $2,928 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,150
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,332
Total Expenses
$2,928
Mortgage P&I
166%
$2,213
Property Taxes
17%
$223
Home Insurance
11%
$145
HOA
0%
$0
Property Management
10%
$133
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0