This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $88,599 initial cash invested.
-14.63%
Cash On Cash
3.67%
Cap Rate
0.57
DSCR
$2,116
Rent
-$1,080
Cashflow
Cash Flow
$2,116 income − $3,196 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,599
Downpayment
20%
$84,380
Closing costs
1%
$4,219
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,116
Total Expenses
$3,196
Mortgage P&I
107%
$2,264
Property Taxes
11%
$232
Home Insurance
7%
$149
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0