This property looks like a bad Long-Term investment with a projected -8.5% first-year return on $88,200 initial cash invested.
-8.5%
Cash On Cash
5.23%
Cap Rate
0.79
DSCR
$3,033
Rent
-$625
Cashflow
Cash Flow
$3,033 income − $3,658 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,033
Total Expenses
$3,658
Mortgage P&I
76%
$2,302
Property Taxes
14%
$420
Home Insurance
5%
$147
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0