This property looks like a bad Long-Term investment with a projected -19.48% first-year return on $88,137 initial cash invested.
-19.48%
Cash On Cash
2.87%
Cap Rate
0.43
DSCR
$2,086
Rent
-$1,431
Cashflow
Cash Flow
$2,086 income − $3,517 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,137
Downpayment
20%
$83,940
Closing costs
1%
$4,197
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,086
Total Expenses
$3,517
Mortgage P&I
112%
$2,330
Property Taxes
24%
$496
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0