This property looks like a bad Long-Term investment with a projected -14.3% first-year return on $88,095 initial cash invested.
-14.3%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$2,436
Rent
-$1,050
Cashflow
Cash Flow
$2,436 income − $3,486 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,436
Total Expenses
$3,486
Mortgage P&I
93%
$2,266
Property Taxes
17%
$425
Home Insurance
7%
$161
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0