This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $88,200 initial cash invested.
-17.5%
Cash On Cash
2.85%
Cap Rate
0.45
DSCR
$1,674
Rent
-$1,286
Cashflow
Cash Flow
$1,674 income − $2,960 expenses = $1,286 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,200
Downpayment
20%
$84,000
Closing costs
1%
$4,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,674
Total Expenses
$2,960
Mortgage P&I
131%
$2,201
Property Taxes
9%
$144
Home Insurance
9%
$147
HOA
2%
$33
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0