This property looks like a bad Long-Term investment with a projected -17.99% first-year return on $88,389 initial cash invested.
-17.99%
Cash On Cash
2.61%
Cap Rate
0.43
DSCR
$2,550
Rent
-$1,325
Cashflow
Cash Flow
$2,550 income − $3,875 expenses = $1,325 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,389
Downpayment
20%
$84,180
Closing costs
1%
$4,209
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,550
Total Expenses
$3,875
Mortgage P&I
83%
$2,114
Property Taxes
35%
$880
Home Insurance
6%
$150
HOA
3%
$67
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0