This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $88,179 initial cash invested.
-14.63%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$2,468
Rent
-$1,075
Cashflow
Cash Flow
$2,468 income − $3,543 expenses = $1,075 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,179
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,468
Total Expenses
$3,543
Mortgage P&I
94%
$2,318
Property Taxes
16%
$394
Home Insurance
6%
$147
HOA
2%
$43
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0