This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $88,116 initial cash invested.
-7.22%
Cash On Cash
5.74%
Cap Rate
0.85
DSCR
$3,478
Rent
-$530
Cashflow
Cash Flow
$3,478 income − $4,008 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,116
Downpayment
20%
$83,920
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,478
Total Expenses
$4,008
Mortgage P&I
68%
$2,364
Property Taxes
13%
$444
Home Insurance
6%
$203
HOA
3%
$92
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0