This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $88,179 initial cash invested.
-10.15%
Cash On Cash
4.58%
Cap Rate
0.72
DSCR
$2,439
Rent
-$746
Cashflow
Cash Flow
$2,439 income − $3,185 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,439
Total Expenses
$3,185
Mortgage P&I
91%
$2,225
Property Taxes
5%
$116
Home Insurance
6%
$147
HOA
3%
$63
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0