This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $88,410 initial cash invested.
-10.9%
Cash On Cash
4.64%
Cap Rate
0.7
DSCR
$2,358
Rent
-$803
Cashflow
Cash Flow
$2,358 income − $3,161 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,410
Downpayment
20%
$84,200
Closing costs
1%
$4,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,358
Total Expenses
$3,161
Mortgage P&I
98%
$2,314
Property Taxes
1%
$27
Home Insurance
6%
$149
HOA
2%
$58
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0