This property looks like a bad Long-Term investment with a projected -16.44% first-year return on $88,263 initial cash invested.
-16.44%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$2,217
Rent
-$1,209
Cashflow
Cash Flow
$2,217 income − $3,426 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,217
Total Expenses
$3,426
Mortgage P&I
102%
$2,270
Property Taxes
19%
$430
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0