This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $88,200 initial cash invested.
-12.07%
Cash On Cash
4.29%
Cap Rate
0.66
DSCR
$2,339
Rent
-$887
Cashflow
Cash Flow
$2,339 income − $3,226 expenses = $887 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,339
Total Expenses
$3,226
Mortgage P&I
97%
$2,273
Property Taxes
8%
$198
Home Insurance
6%
$147
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0