This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $88,221 initial cash invested.
-13.44%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$2,480
Rent
-$988
Cashflow
Cash Flow
$2,480 income − $3,468 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,221
Downpayment
20%
$84,020
Closing costs
1%
$4,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,480
Total Expenses
$3,468
Mortgage P&I
92%
$2,282
Property Taxes
16%
$392
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0