This property looks like a bad Long-Term investment with a projected -20.91% first-year return on $88,095 initial cash invested.
-20.91%
Cash On Cash
2.76%
Cap Rate
0.41
DSCR
$2,987
Rent
-$1,535
Cashflow
Cash Flow
$2,987 income − $4,522 expenses = $1,535 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,095
Downpayment
20%
$83,900
Closing costs
1%
$4,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,987
Total Expenses
$4,522
Mortgage P&I
79%
$2,352
Property Taxes
24%
$721
Home Insurance
5%
$147
HOA
18%
$526
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0