This property looks like a bad Long-Term investment with a projected -13.23% first-year return on $88,347 initial cash invested.
-13.23%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$2,467
Rent
-$974
Cashflow
Cash Flow
$2,467 income − $3,441 expenses = $974 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,347
Downpayment
20%
$84,140
Closing costs
1%
$4,207
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,467
Total Expenses
$3,441
Mortgage P&I
93%
$2,296
Property Taxes
13%
$310
Home Insurance
6%
$144
HOA
2%
$50
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0