This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $88,683 initial cash invested.
-7.25%
Cash On Cash
5.38%
Cap Rate
0.84
DSCR
$3,410
Rent
-$536
Cashflow
Cash Flow
$3,410 income − $3,946 expenses = $536 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,683
Downpayment
20%
$84,460
Closing costs
1%
$4,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,410
Total Expenses
$3,946
Mortgage P&I
66%
$2,260
Property Taxes
18%
$616
Home Insurance
5%
$184
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$205
Maintenance
5%
$170
Other
0%
$0