This property looks like a bad Long-Term investment with a projected -15.84% first-year return on $84,861 initial cash invested.
-15.84%
Cash On Cash
3.49%
Cap Rate
0.54
DSCR
$2,161
Rent
-$1,120
Cashflow
Cash Flow
$2,161 income − $3,281 expenses = $1,120 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,861
Downpayment
20%
$80,820
Closing costs
1%
$4,041
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,161
Total Expenses
$3,281
Mortgage P&I
101%
$2,187
Property Taxes
18%
$385
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0