This property looks like a bad Long-Term investment with a projected -9.87% first-year return on $88,536 initial cash invested.
-9.87%
Cash On Cash
4.53%
Cap Rate
0.72
DSCR
$2,373
Rent
-$728
Cashflow
Cash Flow
$2,373 income − $3,101 expenses = $728 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,536
Downpayment
20%
$84,320
Closing costs
1%
$4,216
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,373
Total Expenses
$3,101
Mortgage P&I
93%
$2,202
Property Taxes
6%
$133
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0