This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $88,242 initial cash invested.
-12.61%
Cash On Cash
4.42%
Cap Rate
0.66
DSCR
$2,753
Rent
-$927
Cashflow
Cash Flow
$2,753 income − $3,680 expenses = $927 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,242
Downpayment
20%
$84,040
Closing costs
1%
$4,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,753
Total Expenses
$3,680
Mortgage P&I
85%
$2,338
Property Taxes
17%
$460
Home Insurance
6%
$166
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0