This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $88,263 initial cash invested.
-12.59%
Cash On Cash
4.37%
Cap Rate
0.66
DSCR
$2,725
Rent
-$926
Cashflow
Cash Flow
$2,725 income − $3,651 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,263
Downpayment
20%
$84,060
Closing costs
1%
$4,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,725
Total Expenses
$3,651
Mortgage P&I
85%
$2,322
Property Taxes
17%
$472
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$164
Maintenance
5%
$136
Other
0%
$0