This property looks like a bad Long-Term investment with a projected -14.69% first-year return on $88,389 initial cash invested.
-14.69%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$2,754
Rent
-$1,082
Cashflow
Cash Flow
$2,754 income − $3,836 expenses = $1,082 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,389
Downpayment
20%
$84,180
Closing costs
1%
$4,209
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,754
Total Expenses
$3,836
Mortgage P&I
82%
$2,269
Property Taxes
16%
$441
Home Insurance
6%
$175
HOA
9%
$235
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0