This property looks like a bad Long-Term investment with a projected -18.54% first-year return on $88,473 initial cash invested.
-18.54%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$1,677
Rent
-$1,367
Cashflow
Cash Flow
$1,677 income − $3,044 expenses = $1,367 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,473
Downpayment
20%
$84,260
Closing costs
1%
$4,213
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,677
Total Expenses
$3,044
Mortgage P&I
139%
$2,333
Property Taxes
7%
$122
Home Insurance
9%
$152
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0