This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $88,326 initial cash invested.
-13.26%
Cash On Cash
4.19%
Cap Rate
0.63
DSCR
$2,305
Rent
-$976
Cashflow
Cash Flow
$2,305 income − $3,281 expenses = $976 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,326
Downpayment
20%
$84,120
Closing costs
1%
$4,206
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,305
Total Expenses
$3,281
Mortgage P&I
101%
$2,331
Property Taxes
11%
$247
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0