This property looks like a bad Long-Term investment with a projected -14.13% first-year return on $87,990 initial cash invested.
-14.13%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$2,305
Rent
-$1,036
Cashflow
Cash Flow
$2,305 income − $3,341 expenses = $1,036 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,990
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,305
Total Expenses
$3,341
Mortgage P&I
97%
$2,229
Property Taxes
16%
$367
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0