This property looks like a bad Long-Term investment with a projected -6.16% first-year return on $88,284 initial cash invested.
-6.16%
Cash On Cash
5.25%
Cap Rate
0.86
DSCR
$2,944
Rent
-$453
Cashflow
Cash Flow
$2,944 income − $3,397 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,284
Downpayment
20%
$84,080
Closing costs
1%
$4,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,944
Total Expenses
$3,397
Mortgage P&I
73%
$2,145
Property Taxes
12%
$365
Home Insurance
4%
$122
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0