This property looks like a bad Long-Term investment with a projected -19.73% first-year return on $85,449 initial cash invested.
-19.73%
Cash On Cash
2.86%
Cap Rate
0.43
DSCR
$1,879
Rent
-$1,405
Cashflow
Cash Flow
$1,879 income − $3,284 expenses = $1,405 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,449
Downpayment
20%
$81,380
Closing costs
1%
$4,069
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,879
Total Expenses
$3,284
Mortgage P&I
121%
$2,281
Property Taxes
20%
$374
Home Insurance
7%
$140
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0