This property looks like a bad Long-Term investment with a projected -16.93% first-year return on $88,179 initial cash invested.
-16.93%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$2,241
Rent
-$1,244
Cashflow
Cash Flow
$2,241 income − $3,485 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,179
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,241
Total Expenses
$3,485
Mortgage P&I
100%
$2,230
Property Taxes
23%
$526
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0