This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $88,198 initial cash invested.
-16.33%
Cash On Cash
3.7%
Cap Rate
0.55
DSCR
$2,944
Rent
-$1,200
Cashflow
Cash Flow
$2,944 income − $4,144 expenses = $1,200 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,198
Downpayment
20%
$83,998
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,944
Total Expenses
$4,144
Mortgage P&I
80%
$2,349
Property Taxes
27%
$802
Home Insurance
5%
$147
HOA
3%
$81
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0