This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $88,410 initial cash invested.
-14.5%
Cash On Cash
3.47%
Cap Rate
0.56
DSCR
$2,458
Rent
-$1,068
Cashflow
Cash Flow
$2,458 income − $3,526 expenses = $1,068 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,458
Total Expenses
$3,526
Mortgage P&I
88%
$2,161
Property Taxes
23%
$577
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0