This property looks like a bad Long-Term investment with a projected -18.61% first-year return on $88,536 initial cash invested.
-18.61%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$2,251
Rent
-$1,373
Cashflow
Cash Flow
$2,251 income − $3,624 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$422k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,536
Downpayment
20%
$84,320
Closing costs
1%
$4,216
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,251
Total Expenses
$3,624
Mortgage P&I
102%
$2,305
Property Taxes
4%
$97
Home Insurance
7%
$149
HOA
22%
$487
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0