This property looks like a bad Long-Term investment with a projected -20.43% first-year return on $88,179 initial cash invested.
-20.43%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$1,294
Rent
-$1,501
Cashflow
Cash Flow
$1,294 income − $2,795 expenses = $1,501 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,179
Downpayment
20%
$83,980
Closing costs
1%
$4,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,294
Total Expenses
$2,795
Mortgage P&I
166%
$2,143
Property Taxes
13%
$168
Home Insurance
11%
$147
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0