This property looks like a bad Long-Term investment with a projected -1.49% first-year return on $88,494 initial cash invested.
-1.49%
Cash On Cash
6.32%
Cap Rate
1.03
DSCR
$3,394
Rent
-$110
Cashflow
Cash Flow
$3,394 income − $3,504 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,494
Downpayment
20%
$84,280
Closing costs
1%
$4,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,394
Total Expenses
$3,504
Mortgage P&I
64%
$2,158
Property Taxes
9%
$315
Home Insurance
4%
$148
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0