This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $84,714 initial cash invested.
-16.39%
Cash On Cash
3.38%
Cap Rate
0.52
DSCR
$2,046
Rent
-$1,157
Cashflow
Cash Flow
$2,046 income − $3,203 expenses = $1,157 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,714
Downpayment
20%
$80,680
Closing costs
1%
$4,034
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,046
Total Expenses
$3,203
Mortgage P&I
107%
$2,192
Property Taxes
17%
$339
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0