This property looks like a bad Long-Term investment with a projected -4.86% first-year return on $88,200 initial cash invested.
-4.86%
Cash On Cash
6.01%
Cap Rate
0.92
DSCR
$3,472
Rent
-$357
Cashflow
Cash Flow
$3,472 income − $3,829 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,200
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,472
Total Expenses
$3,829
Mortgage P&I
66%
$2,287
Property Taxes
14%
$492
Home Insurance
4%
$147
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0