This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $88,536 initial cash invested.
-14.64%
Cash On Cash
3.95%
Cap Rate
0.59
DSCR
$2,238
Rent
-$1,080
Cashflow
Cash Flow
$2,238 income − $3,318 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,536
Downpayment
20%
$84,320
Closing costs
1%
$4,216
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$3,318
Mortgage P&I
105%
$2,356
Property Taxes
10%
$226
Home Insurance
7%
$154
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0