This property looks like a bad Long-Term investment with a projected -17.39% first-year return on $88,536 initial cash invested.
-17.39%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$2,209
Rent
-$1,283
Cashflow
Cash Flow
$2,209 income − $3,492 expenses = $1,283 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,536
Downpayment
20%
$84,320
Closing costs
1%
$4,216
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,209
Total Expenses
$3,492
Mortgage P&I
105%
$2,330
Property Taxes
23%
$500
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0