This property looks like a bad Long-Term investment with a projected -19.71% first-year return on $88,704 initial cash invested.
-19.71%
Cash On Cash
2.76%
Cap Rate
0.41
DSCR
$1,625
Rent
-$1,457
Cashflow
Cash Flow
$1,625 income − $3,082 expenses = $1,457 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,704
Downpayment
20%
$84,480
Closing costs
1%
$4,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,625
Total Expenses
$3,082
Mortgage P&I
144%
$2,347
Property Taxes
10%
$156
Home Insurance
10%
$157
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0