This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $88,200 initial cash invested.
-17.95%
Cash On Cash
3.3%
Cap Rate
0.49
DSCR
$2,471
Rent
-$1,319
Cashflow
Cash Flow
$2,471 income − $3,790 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,471
Total Expenses
$3,790
Mortgage P&I
95%
$2,349
Property Taxes
26%
$651
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0