This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $88,410 initial cash invested.
-10.76%
Cash On Cash
4.49%
Cap Rate
0.7
DSCR
$2,652
Rent
-$793
Cashflow
Cash Flow
$2,652 income − $3,445 expenses = $793 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,410
Downpayment
20%
$84,200
Closing costs
1%
$4,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,652
Total Expenses
$3,445
Mortgage P&I
84%
$2,236
Property Taxes
14%
$372
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0