This property looks like a bad Long-Term investment with a projected -3.67% first-year return on $88,305 initial cash invested.
-3.67%
Cash On Cash
6.25%
Cap Rate
0.95
DSCR
$3,076
Rent
-$270
Cashflow
Cash Flow
$3,076 income − $3,346 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$421k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,076
Total Expenses
$3,346
Mortgage P&I
75%
$2,306
Property Taxes
3%
$87
Home Insurance
5%
$152
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0