This property looks like a bad Long-Term investment with a projected -16.18% first-year return on $88,200 initial cash invested.
-16.18%
Cash On Cash
3.4%
Cap Rate
0.52
DSCR
$2,245
Rent
-$1,189
Cashflow
Cash Flow
$2,245 income − $3,434 expenses = $1,189 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,200
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,245
Total Expenses
$3,434
Mortgage P&I
101%
$2,266
Property Taxes
20%
$438
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0