This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $88,714 initial cash invested.
-13.26%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$2,237
Rent
-$980
Cashflow
Cash Flow
$2,237 income − $3,217 expenses = $980 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,714
Downpayment
20%
$84,490
Closing costs
1%
$4,224
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,237
Total Expenses
$3,217
Mortgage P&I
102%
$2,276
Property Taxes
9%
$211
Home Insurance
7%
$148
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0