This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $88,389 initial cash invested.
-16.9%
Cash On Cash
3.46%
Cap Rate
0.52
DSCR
$2,539
Rent
-$1,245
Cashflow
Cash Flow
$2,539 income − $3,784 expenses = $1,245 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,389
Downpayment
20%
$84,180
Closing costs
1%
$4,209
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,539
Total Expenses
$3,784
Mortgage P&I
92%
$2,330
Property Taxes
11%
$279
Home Insurance
6%
$150
HOA
14%
$365
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0