This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $88,032 initial cash invested.
-12.2%
Cash On Cash
3.86%
Cap Rate
0.63
DSCR
$2,218
Rent
-$895
Cashflow
Cash Flow
$2,218 income − $3,113 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,032
Downpayment
20%
$83,840
Closing costs
1%
$4,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,218
Total Expenses
$3,113
Mortgage P&I
96%
$2,133
Property Taxes
12%
$258
Home Insurance
7%
$145
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0