This property looks like a bad Long-Term investment with a projected -20.26% first-year return on $88,179 initial cash invested.
-20.26%
Cash On Cash
2.03%
Cap Rate
0.33
DSCR
$1,154
Rent
-$1,489
Cashflow
Cash Flow
$1,154 income − $2,643 expenses = $1,489 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,179
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,154
Total Expenses
$2,643
Mortgage P&I
186%
$2,141
Property Taxes
5%
$55
Home Insurance
13%
$147
HOA
0%
$0
Property Management
10%
$115
CapEx
5%
$58
Vacancy
6%
$69
Maintenance
5%
$58
Other
0%
$0