This property looks like a bad Long-Term investment with a projected -17.21% first-year return on $88,116 initial cash invested.
-17.21%
Cash On Cash
3.2%
Cap Rate
0.49
DSCR
$2,213
Rent
-$1,264
Cashflow
Cash Flow
$2,213 income − $3,477 expenses = $1,264 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,116
Downpayment
20%
$83,920
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,213
Total Expenses
$3,477
Mortgage P&I
103%
$2,271
Property Taxes
21%
$464
Home Insurance
8%
$166
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0