This property looks like a bad Long-Term investment with a projected -13.09% first-year return on $88,114 initial cash invested.
-13.09%
Cash On Cash
4.31%
Cap Rate
0.64
DSCR
$2,220
Rent
-$961
Cashflow
Cash Flow
$2,220 income − $3,181 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,114
Downpayment
20%
$83,918
Closing costs
1%
$4,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,220
Total Expenses
$3,181
Mortgage P&I
106%
$2,357
Property Taxes
0%
$10
Home Insurance
7%
$147
HOA
4%
$90
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0