This property looks like a bad Long-Term investment with a projected -15.32% first-year return on $88,683 initial cash invested.
-15.32%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$2,482
Rent
-$1,132
Cashflow
Cash Flow
$2,482 income − $3,614 expenses = $1,132 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,683
Downpayment
20%
$84,460
Closing costs
1%
$4,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,482
Total Expenses
$3,614
Mortgage P&I
93%
$2,319
Property Taxes
20%
$501
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0