This property looks like a bad Long-Term investment with a projected -12.88% first-year return on $88,431 initial cash invested.
-12.88%
Cash On Cash
3.75%
Cap Rate
0.61
DSCR
$2,089
Rent
-$949
Cashflow
Cash Flow
$2,089 income − $3,038 expenses = $949 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,431
Downpayment
20%
$84,220
Closing costs
1%
$4,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,089
Total Expenses
$3,038
Mortgage P&I
103%
$2,162
Property Taxes
7%
$153
Home Insurance
7%
$149
HOA
2%
$32
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0