This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $88,557 initial cash invested.
-16.25%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$2,079
Rent
-$1,199
Cashflow
Cash Flow
$2,079 income − $3,278 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,557
Downpayment
20%
$84,340
Closing costs
1%
$4,217
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,079
Total Expenses
$3,278
Mortgage P&I
111%
$2,310
Property Taxes
13%
$277
Home Insurance
7%
$150
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0