This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $88,347 initial cash invested.
-12.01%
Cash On Cash
4.34%
Cap Rate
0.67
DSCR
$2,914
Rent
-$884
Cashflow
Cash Flow
$2,914 income − $3,798 expenses = $884 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,347
Downpayment
20%
$84,140
Closing costs
1%
$4,207
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,914
Total Expenses
$3,798
Mortgage P&I
77%
$2,258
Property Taxes
22%
$634
Home Insurance
5%
$148
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0