This property looks like a bad Long-Term investment with a projected -8.76% first-year return on $88,326 initial cash invested.
-8.76%
Cash On Cash
4.88%
Cap Rate
0.77
DSCR
$2,637
Rent
-$645
Cashflow
Cash Flow
$2,637 income − $3,282 expenses = $645 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,637
Total Expenses
$3,282
Mortgage P&I
84%
$2,222
Property Taxes
8%
$220
Home Insurance
6%
$154
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0