This property looks like a bad Long-Term investment with a projected -12.34% first-year return on $88,200 initial cash invested.
-12.34%
Cash On Cash
4.15%
Cap Rate
0.65
DSCR
$2,402
Rent
-$907
Cashflow
Cash Flow
$2,402 income − $3,309 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,402
Total Expenses
$3,309
Mortgage P&I
93%
$2,239
Property Taxes
13%
$301
Home Insurance
6%
$145
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0