This property looks like a bad Long-Term investment with a projected -18.52% first-year return on $88,305 initial cash invested.
-18.52%
Cash On Cash
3.06%
Cap Rate
0.46
DSCR
$1,810
Rent
-$1,363
Cashflow
Cash Flow
$1,810 income − $3,173 expenses = $1,363 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,305
Downpayment
20%
$84,100
Closing costs
1%
$4,205
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$3,173
Mortgage P&I
130%
$2,345
Property Taxes
11%
$208
Home Insurance
8%
$150
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0