This property looks like a bad Long-Term investment with a projected -11.38% first-year return on $88,452 initial cash invested.
-11.38%
Cash On Cash
4.56%
Cap Rate
0.7
DSCR
$2,796
Rent
-$839
Cashflow
Cash Flow
$2,796 income − $3,635 expenses = $839 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,452
Downpayment
20%
$84,240
Closing costs
1%
$4,212
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,796
Total Expenses
$3,635
Mortgage P&I
82%
$2,298
Property Taxes
17%
$462
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0