This property looks like a bad Long-Term investment with a projected -17.31% first-year return on $88,200 initial cash invested.
-17.31%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$1,718
Rent
-$1,272
Cashflow
Cash Flow
$1,718 income − $2,990 expenses = $1,272 out of pocket
Investment Breakdown
|
Purchase Price
$420k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,718
Total Expenses
$2,990
Mortgage P&I
131%
$2,254
Property Taxes
8%
$142
Home Insurance
9%
$147
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0