This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $88,494 initial cash invested.
-17.42%
Cash On Cash
2.82%
Cap Rate
0.46
DSCR
$2,461
Rent
-$1,285
Cashflow
Cash Flow
$2,461 income − $3,746 expenses = $1,285 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,494
Downpayment
20%
$84,280
Closing costs
1%
$4,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,461
Total Expenses
$3,746
Mortgage P&I
88%
$2,154
Property Taxes
29%
$719
Home Insurance
6%
$149
HOA
3%
$84
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0